Homeownership falls to lowest level since 1998

A burst of hiring in April provided a reassuring sign for the U.S. economy and reduced a broader gauge of the job market’s health to its lowest level since the recession began. in do-it-yourself.

The U.S. homeownership rate fell by less than half-a-point in the second quarter to 65.9% as foreclosures accelerated and consumers put off buying homes because of fears about prices and the economy. Friday’s Census Bureau report shows the homeownership rate has fallen one full percentage point from a year ago to the lowest level since 1998.

More refinancing homeowners choose shorter loan terms Many homeowners refinance in order to ease their monthly payments. Refinancing to a lower interest rate is one way to do this, but in addition, homeowners can extend the term of their loan to reduce their monthly payments. You can choose a 30-year fixed-rate loan for the remaining principal on your current loan. Pay off home mortgage sooner.

as americans eschewed home ownership and renting retained its popularity, according to real estate research firm Reis Inc. The national vacancy rate fell 0.30 percentage points in the first quarter to.

Homeownership Rate Falls In State And Nation. Staff Report. The nation’s homeownership rate fell in the first three months of 2011 to the lowest level since 1998, a recent U.S. Census report shows.

The number of homeowners taking out mortgages in February fell to the lowest figure since November, according to UK banks. during the winter months fell back in February, to average levels seen.

Homeownership rate falls to lowest level in 13 years | Home. – The U.S. homeownership rate fell to 65.9 percent in the second quarter of 2011. According to the U.S. Census Bureau, this is the lowest level since 1998. According to the American Bankers Association, a 1 percent drop in homeownership equates to 1.1 million fewer homeowners.

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U.S. Homeownership Falls to Lowest Since 1998 on Tight Lending. By Kathleen M. Howley – Bloomberg News Jul 29, 2011 . The U.S. homeownership rate fell to the lowest level since 1998 in the second quarter as stricter lending standards blocked purchases and foreclosures forced people out of their residences.

U.S. homeownership rate falls to the lowest level since the. – The U.S. homeownership rate was 63.4 percent in the second quarter, down from 63.7 percent in the previous three months, the Census bureau reported tuesday. It was lowest reading since 1967.

 · The U.S. homeownership rate fell to the lowest in almost 18 years, reflecting rising demand for rentals and investor purchases in the housing market. The share of Americans who own their homes was 65% in the first quarter, down from 65.4% a year earlier and the lowest level since the third quarter of 1995, the Census Bureau reported today.