At the kickoff of the spring home buying season, the U.S. homeownership rate has fallen to 63.8 percent, its lowest point since 1989. While market experts expressed nominal confidence for a return, there are a few rays of hope on the horizon.
Despite a drop in homeownership rates, the rate of total households – which includes both homeowners and renters – appears to be on the rise.
“I, for one, am pleased to be in a hiring mode once again and am faced with the 'problem' of adding staff to increase capacity. As our economy continues to temper itself, indicators suggest adding staff is prudent.