HousingWire.com – Trey Garrison
The homeownership rate in the first quarter of 2014 is at the lowest since June 1995. The rate of homeownership at the end of 1Q2014 was 64.8%, which is 0.2 percentage points lower than the first quarter 2013 rate of 65%, according to the U.S. Census Bureau. The rental vacancy rates inside principle cities, in the suburbs and outside MSA’s were not statistically different from the first quarter 2013 rates.
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