Homeownership in U.S. Drops to a 47-Year Low, Now 63.4 Percent in Q2 - WORLD PROPERTY JOURNAL

According to the Department of Commerce's Census Bureau, homeownership in the U.S. is at a new 47-year low.

The homeownership rate is now 63.4 percent was 1.3 percentage points lower than the second quarter 2014 rate (64.7 percent), and 0.4 percentage points lower than the rate last quarter (63.7 percent). This is the seventh consecutive year of declining homeowneship rates in the U.S. since the 2008 housing market peak.

Read more...Homeownership in U.S. Drops to a 47-Year Low, Now 63.4 Percent in Q2 - WORLD PROPERTY JOURNAL Global News Center