Realty Check
Current Housing Indicators |
| CURRENT | PREVIOUS | ||
| Existing Home Sales | 4.49m | ▼ | 4.74m |
| New Home Sales | 309,000 | ▼ | 344,000 |
| Housing Starts | 583,000 | ▲ | 477,000 |
| Building Permits | 547,000 | ▲ | 531,000 |
| HMI | 9 | UNCH | 9 |
| Existing Home Prices | $170,300 | ▼ (annually) | $199,800 |
| New Home Prices | $201,100 | ▼ (annually) | $232,400 |
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RSS FEED
Home Ownership Fading And So Is American Dream
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CNBC Real Estate Reporter
 |
CNBC.com |
President Bush, as I recall, touted that record rate in his mantra of an “ownership society.” Oh well. I'm guessing the current gang of Presidential wannabes will jump all over this one.
But what really gets me in this report released today from the U.S. Census is the little-reported homeowner vacancy rate. It’s up at 2.8 percent, which is a full percentage point above where it was 2 years ago. There are currently close to 18 million vacant homes stretched across this country, a full million more than just a year ago. The bulk of the increase, of course, is in foreclosed homes.
Think about it--more and more empty houses in neighborhoods across America, as the home ownership rate continues to fall. Where's the "American Dream" hiding in all that?
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes
