homeownership rate

Homeownership Rate Stuck at 11-Year Low

Despite efforts to keep people in their homes and record-low interest rates, the homeownership rate remains at 1999 levels, according to the Census Bureau.

Las Vegas Home- Ownership Rate: Effectively 15%

Though Las Vegas' official home-ownership rate a respectable 59% as of August 2009, the "effective" rate is more like a dismal 15%, according to a new New York Fed report. Why the difference? Because the long-term money hurdles facing most underwater owners are so high that the majority will revert to renters.