The Average Number of Homeowners Has Dropped
July 28, 2010
Author: System Automation
Falling to 66.9% in the second quarter of this year, according to the Census Bureau, the average number of homeowners in the country has fallen to the lowest level seen in over a decade.
Across the nation, the rates were the highest in the Midwest and the lowest in the west, while the Northeast and the Midwest stayed the same.
Although nearly 86% of the homes in the country were occupied during the second quarter, the vacancy rate of non-rental units fell to 2.5%.
According to the Case-Shiller index, home prices in a monthly comparison rose 1.3% during the month of May this year.
