Under Obama, home ownership stays flat

Big Money

New member
Homeownership in the United States remained flat last quarter, staying at its lowest level in nearly two decades.

The nation’s homeownership rate was 65.1% on a seasonally adjusted level in the third quarter, unchanged from the second quarter, the Census Bureau reported Tuesday.

Homeownership fell from a 65.3% rate in the third quarter last year.

Besides the second quarter of this year, home ownership hasn’t been this low since the last three months of 1995.