News

Home Ownership Rate Falls to Lowest Level Since 1994

At the end of December, 2014 the rate of Home Ownership declined to a level not seen since 1994. After adjustments for seasonal factors, 63.9% owned their own homes at the end of 2014.

The Rate gas not fallen below the 63.9% level since 1988 according to the Commerce Department, and it was 65.1% at the end of 2013.

The Home Ownership Rate has declined steadily since 2005, when it peaked at 69.2%.
Source – WSJ

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