In the United States today, home prices are rising while homeownership is on the decline.
Financial analysts and real estate professionals are perplexed by this. If prices are indeed going up then there is has to be an growing demand for homes. However, if there is a large demand then why is there a paucity of homeowners?
According to the U.S. Census Bureau, the rate of homeownership – a ratio of households that own to overall households – in the first quarter of 2015 dipped to 63.7 percent, which is the lowest since the year 1990. This could be the answer to what has befuddled observers for quite a while.
Meanwhile, rentership rate is continually increasing. The economy is getting somewhat better, millennials are finally leaving the nests and they are seeking out apartments. The problem with this, though is that rental vacancies are nearing all-time lows and the cost of an apartment is soaring.
Oy vey! What a predicament.
if they want there houses to be rinted then dont try to rob the pore