Saturday, July 30, 2016

Homeownership Hits 51-Year Low, but There May Be a Silver Lining

http://www.msn.com/en-us/money/realestate/homeownership-hits-51-year-low-but-there-may-be-a-silver-lining/ar-BBv1POd

Well it is great that Americans want to own home but affordability & difficulty saving for a downpayment are making it challenging for homebuyers and Millennials.

The homeownership rate in the second quarter of 2016 fell to 62.9 percent, its lowest level since 1965, according to new data from the U.S. Census Bureau.

Americans still overwhelmingly say they’d like to be homeowners. Nearly nine in 10 of those surveyed earlier this summer by Wells Fargo said that home ownership is a dream come true.

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