Homeownership Rate Stuck at 11-Year Low
Despite government efforts to keep people in their homes and record-low interest rates, the homeownership rate remains stuck at 1999 levels, according to the latest figures from the Census Bureau.
homeownership rate
Las Vegas Home- Ownership Rate: Effectively 15%
Though Las Vegas' official home-ownership rate is 59%, the "effective" rate is a dismal 15%, according to a new New York Fed report. That's because the money hurdles facing most underwater owners are so high the majority will revert to renters.