U.S. Homeownership has fallen to a 10-year low, with just 62 percent of Americans saying they own their home, according to a new Gallup poll.
Another record low, 53 percent, said their home was worth more today than when they bought it, showing an uptick in underwater mortgages. From Gallup:
“Declining Homeownership rates suggest some Americans are beginning to doubt that homeownership remains part of the American dream — or at least, an attainable part of it. From an economic perspective, U.S. economic growth needs to be much stronger than it has been in order to achieve the hiring necessary to get unemployment rates to the “normal” levels of the past. This doesn’t seem likely as long as housing activity remains relatively moribund and homeownership rates are declining.”
Read More: Only Six In Ten Americans Now Own A Home – Business Insider.
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.
