Homeownership Rate Rises After Two Years of Decline

From DS News



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> Homeownership Rate Rises After Two Years of
Decline


After falling to a 13-year low during the second quarter, the U.S.
homeownership rate posted a highly unexpected rise in the third quarter.
Data released by the Census Bureau Wednesday puts the nation's homeownership
rate at 66.3 percent. That's up from 65.9 percent at mid-year. With
foreclosures forcing homeowners out of their homes and buyers waiting on the
sidelines as home values declined, the rate has been heading south for quite
some time. In fact, the third-quarter rise is the first in two years.
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