High real estate prices hold down homeownership rates across California. Throughout the mid 1980s to 1990 the ownership rate held between 53% and 55%. The tech stock bubble caused the ownership rate to jump to 58.2% in 2001. The ensuing housing bubble drove ownership rates to a peak of 60.2% in 2006. By 2016 the ownership rate had fallen to 53.8%.
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“Our members are encouraged by rising demand in the new-home market,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “This is due to ongoing job and economic.
More than 44 million borrowers owe $1.5 trillion collectively to the U.S. government alone, making it the second highest consumer debt category behind mortgage debt. in Colorado Springs, Colo. (AP.