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| Sponsored by Quicken Loans |
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| Beyond the Bottom? Homeownership Rate Creeps Back Up |
| By Suzanne De Vita |
The homeownership rate crept up close to a full percentage point from one year ago to 63.7 percent in the second quarter, encouraged by more owner household formation, according to the U.S. Census Bureau's recent Quarterly Housing Vacancies and Homeownership report. The owner household formation rate overtook the renter household formation rate in the first quarter, and remained ahead in the second quarter—evidence that the shift toward owner-occupied is more than a one-off trend. Roughly 87 percent of housing was occupied in the second quarter, with 55.5 percent owner-occupied and ...
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Summer is a time filled with good times and warm weather. Unfortunately, it's also a time for many homeowners when energy costs skyrocket
