by Eric Jay Toll | Reporter Phoenix Business Journal
Home ownership in Phoenix plummeted by more than 12 percent between 2005 and 2014, according to the Census Bureau’s new American Community Survey.
In 2005, Phoenix was second in ownership tenancy to Riverside, California, with 68.1 percent of the Valley’s population owning homes. In Riverside, 69.7 percent of the population owned homes.
Homeownership in Phoenix dropped 12 percent from 2005 to 2014.