Press Room

In the News

Bloomberg Businessweek: Tumbling Homeownership Marks a Return to Normal

By Chris Farrell. For anyone who owns a home, the past six years have seemed anything but normal. Nationally, home prices are down some 35 percent in that time...

May 04, 2012

...As we all know, the ranks of homeowners swelled in the 2000s. Money flooded the market until the rate peaked at 69.4 percent in 2004.The bubble burst two years later.

"The way we got to nearly 70 percent was to call a lot of people who had no equity in their homes 'homeowners,'" says Richard Green, director of the Lusk Center for Real Estate at the University of Southern California.

For the full article, see the link below:

Link: Bloomberg Businessweek