The homeownership rate in America fell to the lowest level in nearly 20 years. The latest figure of 65.2 percent ownership rate in the first quarter of 2013 is down only a decimal point from the prior quarter, but still marks a continuing trend of falling rates since the bubble years when a record high of 69 percent of Americans owned their homes.
The homeownership rate is likely to fall further before stabilizing. Why? The growth of households over the next two years is likely to be a 50-50 split between new owners and new renters.