Home Ownership Info

Today a report is showing that the share of homes empty and for sale, known as the vacancy rate, was 2.5 percent, matching the year-earlier period and down from 2.6 percent in the first quarter, the Census Bureau said. The homeownership rate fell from 67.1 percent in the first quarter, the third straight decline. The rate reached a record high of 69.2 percent in the second and fourth quarters of 2004. It was when it was announced in 2004 that homeownership hit a record that I said to myself, "self, who's left to buy?" and promptly sold our home.