By Mark Fleming | HousingWire
This is bad, right?
Last month, the U.S. Census Bureau released its second-quarter estimate of the homeownership rate. The news? “Homeownership rate falls to 62.9%, half a percent lower than a year ago and reaching lows not seen in half a century!”
This is bad, right?
The economy and the usual homeownership hurdles – student loan debt burdens, access to credit and affordability – must be holding back first-time home buyers. Well, as Mark Twain once said, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
