Homeowners Who Want to Trade Up are Stuck Waiting

Housing Bust Reverses Ownership Gains By Dawn Wotapka, Wall Street Journal, July 29, 2011, The number of Americans who own their homes continued to decline in recent months and now is at the lowest level since early 1998. The nation’s home-ownership rate stood at a seasonally adjusted 66% in the second quarter, down from 66.4% in the first quarter and 66.9% in the second quarter a year ago, the Census Bureau reported Friday. Homeowners Who Want to Trade Up are Stuck Waiting By Alejandro Lazo...(read more)