U.S. Housing Rents Hit Record Highs As Homeownership Falls To 18 Year Lows!

Posted By on July 30, 2013

Never say things can’t get worse… Murphys Law says otherwise.

According to the latest quarterly homeownership data released by the Census Bureau, the raw homeownership rate of 65.0% was unchanged from last quarter and 0.4% lower than a year ago. And on a seasonally adjusted basis the percentage of Americans who have a house declined from 65.2% to 65.1%: the lowest since 1995.

The flipside is that many “children” in their mid-30s are still living in their parents’ basements.

The median asking rent for US vacant housing units just hit an all time record high of $735 per month.

 

www.zerohedge.com

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