November 2, 2010

YEAH, BUT EMPLOYMENT IS AT HISTORICALLY HIGH LEVELS TOO!:

Homeownership stays at lowest level in a decade (ALAN ZIBEL, 11/02/2010, AP)

The nation’s homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing.

The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter, the Census Bureau said Tuesday. That’s the same as the April-June quarter.

The last time the rate was lower was in 1999, when the rate was 66.7 percent.

For decades, 64 percent of American homes were owned by their occupants. That began to climb in 1995, with strong encouragement from President Bill Clinton and later on from President George W. Bush.


So it's still higher than it was at the end of the Clinton/Gingrich boomlet? And you wonder that we don't take the Right's ravings Barney Frank, ACORN, and the undeserving poor seriously?

Posted by Orrin Judd at November 2, 2010 1:13 PM
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