The Harvard Center for Joint Housing Studies announced in its 2015 State of the Nation’s Housing Report that the homeownership rate in the U.S. has dropped for the eighth straight year.
Ownership rates are at their lowest since 1989, with a middle class that is burdened by rising rents, which have risen 3.2 percent - double the pace of inflation. Single-family starts remain sluggish but with unemployment rates below 6 percent and a growth in wages is expected to help some renters become homeowners.
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