Homeownership rate drops to 65.1%, lowest since 1995

07/30/2013 | Reuters · Bloomberg

The U.S. homeownership rate fell to 65.1% in the second quarter, the Commerce Department reported. The rate is the lowest since 1995. Home prices are on the rise and lending standards are strict, pushing more people toward renting while investors take over more of the housing inventory. "Household formation is going into the rental market," said Julia Coronado, North America chief economist at BNP Paribas. "Investors are buying empty homes and converting them into rental markets, that's who the market is clearing."

View Full Article in:

Reuters · Bloomberg

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Staff Attorney/Transgender Rights Project Staff Attorney
LAMBDA LEGAL
New York City, NY
Director of Community Engagement
Pride Foundation
Seattle, WA
Director of Communications
Equality Federation
Nationwide, SL_Nationwide
Global Quality Assurance Engineer, Software #514021
LORD Corporation
Cary, NC
Sr. Certification Engineer #514049
LORD Corporation
Cary, NC