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| Homeownership Rate Rallies |
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Is the tide turning? The homeownership rate rallied slightly at 63.5 percent in the third quarter, higher than the 62.9 percent rate in the second quarter—the lowest point in more than 50 years, according to the U.S. Census Bureau’s Quarterly Housing Vacancies and Homeownership report. The third quarter homeownership rate did not differ considerably from last year’s third quarter, however, at 63.7 percent. On inventory, roughly 87 percent of housing was occupied in the third quarter, with 55.5 percent owner-occupied and 31.9 renter-occupied. The Midwest saw the highest homeownership rates in the third quarter at 68.6 percent; the West saw the lowest, at 58.2 percent. Homeownership rates in the third quarter were also highest among homeowners aged 65 and older, at 79.0 percent ...
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On the top of the homepage for housecreep.com, we learn that "housecreep" is a verb meaning: to research and expose homes with secrets, criminal histories and unexplained mysteries. (Thus, housecreep is our new favorite real estate site.) Housecreep is where some of the darker aspects of real estate come to life.
