According to the American Bankers Association, a 1 percent drop in homeownership equates to 1.1 million fewer homeowners.
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Showing posts with label American Banker. Show all posts
Showing posts with label American Banker. Show all posts
Monday, August 1, 2011
Homeownership rate falls to lowest level in 13 years
The U.S. homeownership rate fell to 65.9 percent in the second quarter of 2011. According to the U.S. Census Bureau, this is the lowest level since 1998.
Wednesday, June 8, 2011
Fewer Mortgages are Underwater
According to the American Banker, 22.7 percent of all residential properties with a mortgage had negative equity on March 31, 2011, down from 23.1 percent on December 31, 2010. The improvement has been attributed to improvements in home values in the markets most affected by the housing economic downturn, including Nevada, Arizona and Florida.
Read the rest of the report at American Banker by clicking here.
Read the rest of the report at American Banker by clicking here.
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