You're Now Reading:
Home Ownership Drops to 13 Year Low
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Ownership Drops to 13 Year Low
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Ownership Drops to 13 Year Low
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

February 1, 2011 (Jeff Alan)
mortgage-down-arrow-image
The housing boom and the subsequent economic and housing crisis certainly validates that age old adage of “what goes up…must come down” as soaring home ownership during the boom years has led to 13 year lows during the bust. According to the most recent government figures, the nation’s overall home ownership rate fell to 66.5% in the fourth quarter, the lowest reading since Bill Clinton was President.

The newest figures from the Census Bureau report that homeownership is down from 66.9 percent in the third quarter. It’s the lowest home ownership rate the Bureau has reported since the fourth quarter of 1998.

Almost 86% of all U.S. housing units were occupied in the fourth quarter with 57.2% occupied by the owner and renters living in 28.8% of the occupied units. The number of units held off the market rose nearly 7% to 7,236 in the quarter. The houses account for 5.5% of all vacant properties and are off the market because of occasional use, temporarily occupied by someone who lives elsewhere, or a variety of other reasons, according to the Census Bureau.

The drop in home ownership was most pronounced among the 35-44 year-old group, dropping to 63.9 percent of all households in that age bracket, down 1.3 percentage points from 65.2 percent in the third quarter. At the same time, ownership rates for those under the age of 35 were unchanged at 39.2 percent. Older groups saw declines of 0.1 to 0.3 percentage points.

Non-Hispanic whites saw the biggest drop in home ownership rates in the fourth quarter, down one-half a percentage point to 74.2 percent. Blacks and Hispanics saw quarterly declines of 0.2 percentage points, to 44.8 and 46.8 percent, respectively, while home ownership rates for all other racial groups increased by 0.4 percentage points, to 57.7 percent.

Home ownership rates among the four major U.S. regions are the highest in the Midwest, at 70.5 percent, and lowest in the West, at 61.0 percent. Rates for the South and Northeast are 68.5 and 64.1 percent, respectively.

Tags: census bureau, housing boom, housing crisis, home ownership, occupied units, home ownership rates

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

February 1, 2011 (Jeff Alan)
mortgage-down-arrow-image
The housing boom and the subsequent economic and housing crisis certainly validates that age old adage of “what goes up…must come down” as soaring home ownership during the boom years has led to 13 year lows during the bust. According to the most recent government figures, the nation’s overall home ownership rate fell to 66.5% in the fourth quarter, the lowest reading since Bill Clinton was President.

The newest figures from the Census Bureau report that homeownership is down from 66.9 percent in the third quarter. It’s the lowest home ownership rate the Bureau has reported since the fourth quarter of 1998.

Almost 86% of all U.S. housing units were occupied in the fourth quarter with 57.2% occupied by the owner and renters living in 28.8% of the occupied units. The number of units held off the market rose nearly 7% to 7,236 in the quarter. The houses account for 5.5% of all vacant properties and are off the market because of occasional use, temporarily occupied by someone who lives elsewhere, or a variety of other reasons, according to the Census Bureau.

The drop in home ownership was most pronounced among the 35-44 year-old group, dropping to 63.9 percent of all households in that age bracket, down 1.3 percentage points from 65.2 percent in the third quarter. At the same time, ownership rates for those under the age of 35 were unchanged at 39.2 percent. Older groups saw declines of 0.1 to 0.3 percentage points.

Non-Hispanic whites saw the biggest drop in home ownership rates in the fourth quarter, down one-half a percentage point to 74.2 percent. Blacks and Hispanics saw quarterly declines of 0.2 percentage points, to 44.8 and 46.8 percent, respectively, while home ownership rates for all other racial groups increased by 0.4 percentage points, to 57.7 percent.

Home ownership rates among the four major U.S. regions are the highest in the Midwest, at 70.5 percent, and lowest in the West, at 61.0 percent. Rates for the South and Northeast are 68.5 and 64.1 percent, respectively.

Tags: census bureau, housing boom, housing crisis, home ownership, occupied units, home ownership rates

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

February 1, 2011 (Jeff Alan)
mortgage-down-arrow-image
The housing boom and the subsequent economic and housing crisis certainly validates that age old adage of “what goes up…must come down” as soaring home ownership during the boom years has led to 13 year lows during the bust. According to the most recent government figures, the nation’s overall home ownership rate fell to 66.5% in the fourth quarter, the lowest reading since Bill Clinton was President.

The newest figures from the Census Bureau report that homeownership is down from 66.9 percent in the third quarter. It’s the lowest home ownership rate the Bureau has reported since the fourth quarter of 1998.

Almost 86% of all U.S. housing units were occupied in the fourth quarter with 57.2% occupied by the owner and renters living in 28.8% of the occupied units. The number of units held off the market rose nearly 7% to 7,236 in the quarter. The houses account for 5.5% of all vacant properties and are off the market because of occasional use, temporarily occupied by someone who lives elsewhere, or a variety of other reasons, according to the Census Bureau.

The drop in home ownership was most pronounced among the 35-44 year-old group, dropping to 63.9 percent of all households in that age bracket, down 1.3 percentage points from 65.2 percent in the third quarter. At the same time, ownership rates for those under the age of 35 were unchanged at 39.2 percent. Older groups saw declines of 0.1 to 0.3 percentage points.

Non-Hispanic whites saw the biggest drop in home ownership rates in the fourth quarter, down one-half a percentage point to 74.2 percent. Blacks and Hispanics saw quarterly declines of 0.2 percentage points, to 44.8 and 46.8 percent, respectively, while home ownership rates for all other racial groups increased by 0.4 percentage points, to 57.7 percent.

Home ownership rates among the four major U.S. regions are the highest in the Midwest, at 70.5 percent, and lowest in the West, at 61.0 percent. Rates for the South and Northeast are 68.5 and 64.1 percent, respectively.

Tags: census bureau, housing boom, housing crisis, home ownership, occupied units, home ownership rates

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.