The economy keeps hitting home for Americans—at least what used to be their homes. According to a U.S. Census Bureau report released on Tuesday, home ownership remains at a low of 66.9%. The last time home ownership was this weak was nearly a decade ago in 1999 when it dropped to 66.7%. Foreclosures, job losses, plunging prices, and a generally weak economy can take credit for these declining percentages. Despite low mortgage rates, it’s questionable whether home ownership rates will increase with continued high unemployment and consumer caginess. read more Read More at MortgageLoan.com |