The Incredible Shrinking Home-ownership Rate


Think time travel is impossible? Then explain how we've moved the clock back to 2003.

The latest Census stats on homeownership show that just 67 percent of U.S. households own their home, down from a peak of 69 percent in 2007. That brings the share of homeowners back down to its level seven years ago.

The nation actually has a few more homeowners than it did last year – just over 75 million -- because the population overall is growing. But foreclosures have pushed millions of families out of their homes in the last two years, and with it their chance to live the American Dream.

Those numbers alone don't tell the whole story, though. Some segments of the nation are losing ground faster than others.