As part of our commitment to inform you of important news, we have uncovered an article detailing the decline in the U.S. homeownership rate featured in the most recent Census Bureau report.
The American dream of homeownership is still alive but struggling as we move further away from the recession. While the economy has recently experienced growth, the levels of homeownership maintain a steady decline. Bloomberg News reporter Kathleen Howley investigated this phenomenon in the article available below. The U.S. homeownership rate was 63.4 in the second quarter, falling from a first quarter total of 63.7. As home values rise, buyers are finding it more difficult to purchase houses while maintaining financial security. Demand for rental properties continues to increase as homeownership levels reach the lowest point since 1967. Please take a look at the article for further analysis and information.