Homeownership hits 15-year low

| Print |  Email
Must Reads
Tuesday, May 01, 2012
U.S. homeownership fell to its lowest level since 1997 in the year's first quarter.

According to the U.S. Census Bureau, homeownership is now 65.4 percent, a decline of 1 percentage point from a year ago and 3.7 percentage points lower than its 2005 peak. 
About 800,000 borrowers lost their homes in foreclosure in 2011. Meanwhile, fewer people are buying their first home. Even though homes are more affordable because of low prices and low interest rates, it's harder to access credit and the inventory of homes for sale is slim.

Read more at OregonLive.com.

{biztweet}homeownership{/biztweet}


 

More Articles

The Health Guru

May 2015
Monday, April 27, 2015
BY LINDA BAKER

Mohan Nair channels a visionary.


Read more...

Oregon Business expands events portfolio

The Latest
Friday, March 27, 2015
htctfacebookBY OB STAFF

New events series brings magazine to life.


Read more...

Oregon businesses face destruction from future earthquake

The Latest
Wednesday, May 20, 2015
htctthumb1BY KIM MOORE | RESEARCH EDITOR

An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.


Read more...

Letting Go

April 2015
Friday, March 27, 2015
BY AMY MILSHTEIN

As baby boomers sell their businesses, too many forget the all-important succession plan.


Read more...

Car Talk

April 2015
Thursday, March 26, 2015
BY LINDA BAKER

Everyone knows cell phones and driving are a lethal combination. The risk is especially high for teenage drivers, whose delusions of immortality pose such a threat to us all. Enforcement alas, remains feeble; more promising are pedagogical approaches aimed at getting people to focus on the road, not their devices.


Read more...

Courtside

April 2015
Thursday, March 26, 2015
BY JACOB PALMER

Power lunching at the Court Street Dairy Lunch in Salem.


Read more...

3 trends in the garden business

The Latest
Thursday, April 30, 2015
gardenthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Oregonians are scrambling to get their gardens in order for the summer. Here are three tips from landscaping and urban farming expert.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS