Comment on 2011 Wrap Up: New Home Sales Increase by Gregory Frech
Census Bureau data shows that the home ownership rates in the U.S. dropped from 69.2% in 2004 to 65.9% in 2011. And some analysts, like those at Morgan Stanley, say the Census data doesn’t take looming foreclosures into account and calculated the real home ownership rate at closer to 59.2%. Many former homeowners have moved into rental housing w
