Wednesday, February 01, 2012
The U.S. homeownership rate fell to 66% in the last quarter of 2011.
The U.S. Census Bureau measures the percent of households that own their home quarterly and reported the figures Tuesday. Foreclosures have continued to take a toll on homeownership, while newly formed households have been reluctant to buy a first home.
Homeownership peaked in 2004 at 69.2 percent before starting a steady decline in 2007. Today's homeownership rate is on par with that of 1998.
In Oregon, the homeownership rate for the quarter registered 65.8 percent, a decline from 67 percent a year earlier.
Read more at OregonLive.com.