Home Ownership Percentages Down

This graph is both interesting and alarming at the same time.  It shows that across the country, there are roughly 5% more households now than there were almost 20 years ago.  Don’t strain your brain just yet; that’s not the alarming part. Since 2005, home ownership has declined about a percent while at the same time, the percentage of renter households has risen over 16%.  Perhaps this is a reflection on our non-committal society as a whole.  It could be that people are scared to invest in a house after the market crashed, or another possibility is that with all of the increased regulation, a growing percentage of our countrymen just can’t qualify for financing, regardless of low interest rates.