FinancialsCensus Bureau: Homeownership rate drops
Both the homeowner property vacancy rates and homeownership rate fell in the last quarter of 2010, the U.S. Census Bureau announced in its latest Housing Vacancies and Homeownership report. The homeownership rate for the last quarter was 66.5 percent, lower than both the previous quarter and the final quarter of 2009. The rate was highest in the Midwest and lowest in the West, but all the regions had lower homeownership rates than in 2009.