Home Ownership Is at Its Lowest Ebb Since “Gangsta’s Paradise” Came Out
The Census Bureau released data today that shows that the U.S. home ownership rate has declined to 1995 values, when Coolio was highly valued. Trulia’s Jed Kolko, who’s incessantly called upon to make people feel better upon the release of such data dumps, said, “Tight credit, tight for-sale inventory, the challenge of saving for a down payment, and more rental single-family supply all helped lower the homeownership rate.”
Now don’t you feel better?
• Homeownership rate lowest since 1995 [MarketWatch]