By Jann Swanson | Mortgage News Daily
Anyone who has been paying attention must know that the national homeownership rate, which has been dropping for over a decade, is now at a 50-year low. But while many experts say it will continue to shrink, Freddie Mac’s Economic and Housing Research Group are taking, not really a contrarian view but a more nuanced one. In an Outlook article headlined by Sean Becketti, chief economist and Len Kiefer, Deputy Chief Economist, lay out their arguments for questioning the pessimism.
