Homeownership has plummeted, but not by choice

Screen Shot 2016-06-24 at 9.39.13 AMBy Kate Abbey-Lambertz | The Huffington Post

The U.S. housing market is bouncing back, but its recovery hasn’t done much for the millions of Americans who want to be homeowners.

The homeownership rate is at its lowest in nearly 50 years, falling to 63.7 percent in 2015. It’s a “decade-long slide” that “is unprecedented in American history,” according to an annual report released Wednesday by Harvard University’s Joint Center for Housing Studies.

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