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[23 Jul 2011 | 4 Comments | 2,903 views]
Home ownership rate falling to sustainable levels

According to a report from the national Mortgage Bankers Association’s Research Institute for Housing America, home ownership rates in the country hit a high of 69.2 percent in 2005 and have fallen steadily since.
In fact, the Institute said home ownership rates had fallen to 66.2 percent by the first quarter of this year and are projected to go lower and may eventually settle in at 2000 levels.
That doesn’t sound great, does it? The truth of the matter is, the home ownership rate in 2000 was one of the highest in …