DOES THIS LOOK LIKE A HOUSING RECOVERY TO YOU?

tomfernandez28's Blog

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We just learned that the homeownership rate in the United States has fallen to the lowest level in 19 years

by MICHAEL SNYDER | ECONOMIC COLLAPSE | OCTOBER 29, 2014

We just learned that the homeownership rate in the United States has fallen to the lowest level in 19 years. But of course this is not a new trend. As you will see in this article, the homeownership rate in the United States has been in a continual decline for more than 7 years. Obviously this is not a sign of a healthy economy. Traditionally, homeownership has been one of the key indicators that you belong to the middle class. When people define “the American Dream”, it is usually one of the first things mentioned. So if the percentage of Americans that own a home has been steadily going down for 7 years in a row, what does that tell…

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