WASHINGTON – May 3, 2011 – The U.S. homeownership rate fell to 66.4 percent in the first quarter, down from 67.1 percent a year ago, reports the Census Bureau.
The current rate is the lowest since the end of 1998 and off from a pace of 69.2 percent during the housing boom.
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Random thoughts:
It will continue to decline. To stop this the banks must speed up how fast they sell houses. People do not want to wait 6 months for a short sale to close. Also investors will buy a fixer upper then fix it then sell it. Banks can not do this efficiently. Local investors can. The longer politicians allow banks to get their way the longer this recession will last.
Once investors are able to fix them they will sell the houses. If you are looking for a house to move in and have some money to put down I can help you. I am an investor and a realtor. I can also do owner financing for people to own their home.
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READ MORE AT
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259464
The current rate is the lowest since the end of 1998 and off from a pace of 69.2 percent during the housing boom.
----------------------------
Random thoughts:
It will continue to decline. To stop this the banks must speed up how fast they sell houses. People do not want to wait 6 months for a short sale to close. Also investors will buy a fixer upper then fix it then sell it. Banks can not do this efficiently. Local investors can. The longer politicians allow banks to get their way the longer this recession will last.
Once investors are able to fix them they will sell the houses. If you are looking for a house to move in and have some money to put down I can help you. I am an investor and a realtor. I can also do owner financing for people to own their home.
----------------------
READ MORE AT
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259464
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