Excerpt from: Flagstaff Real Estate and Community News
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| September 23, 2009 | | But not by much -- here's the breakdown on homeownership and other interesting new census data | The United States Census Bureau released numbers this week showing that homeownership declined in the second quarter of 2009 to its lowest level in six years. Still, over two-thirds of U.S. households are owner-occupied (66.6% to be exact). Residents in crowded housing jumped to 1.1 percent, the highest since 2004, a sign people were "doubling up" with relatives or friends to save money. The full report showed many more statistics about American life, including significant changes in how people live, commute, and obtain health care because of the “Great Recession.” See a full report on Yahoo News here.
Realtor Magazine’s daily digest of news found the most interesting aspect of the census data to be the breakdown of demographic data on homeownership:
“Homeownership fell the most for Asians, dropping 1.24 percentage points to 59.4, largely because about one-third of Asians live in foreclosure-prone California.
“Homeownership for African-Americans declined 0.88 percentage points to 45.6 percent. Hispanic ownership declined 0.80 percentage points to 49.1 percent, and whites’ ownership was down 0.40 to 73.4 percent.”
For the real statistics geeks, here’s a link to the U.S. Census Bureau data.
For the specifics on housing vacancies and homeownership, click here. | |
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