Business Insider’s chart of the day shows that we have returned to home ownership levels of about a decade ago – a decade in real estate most defined by the housing bubble.
Quoting from US Census data cited in the post:
Approximately 85.9 percent of the housing units in the United States in the fourth quarter 2010 were occupied and 14.1 percent were vacant. Owner-occupied housing units made up 57.2 percent of total housing units, while renter-occupied units made up 28.8 percent of the inventory in the fourth quarter 2010. Vacant year-round unitis comprised 10.8 percent of total housing units, while 3.3 percent were for seasonal use.
Read more: http://www.businessinsider.com/chart-of-the-day-american-dream-2011-1#comments#ixzz1CeVT3vLz
Related articles
- What will it take for the real estate market to snap back? (memphisrealestatebuzz.com)
- Homeownership at lowest level in a decade (msnbc.msn.com)
- Owner-occupied housing finance up 2.5% (news.theage.com.au)
- Is housing hiding inflation in other sectors of the economy? (jamblemag.com)
- Ghost towns are the result of recession and burst housing bubble (memphisrealestatebuzz.com)
Realtor at InCity Realty
Joe Spake is a Real Estate Broker and Consultant, specializing in Midtown, Downtown, and East Memphis residential properties. His interests include architecture, community activism, music, photography and cooking. Get more great real estate information on Joe's Facebook Page. Call 901-870-3440 or Email Joe@spake.com
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