The U.S. Census released a report on October 6, 2011, Housing Characteristics: 2010, that shows the homeownership rate is the second highest on record, behind only 2000, since homeownership data collection began in 1890.
Metro areas have more homeowners while major cities have more renters. That is another major reason why this is a great time for real estate investors to add to their rental portfolio.
Thanks for reading.
Mike Malvey
mmalvey@thegroupinc.com
Advertisement
