Tuesday, December 6, 2011

Decrease in Housing Prices

The price of homes has decreased significantly, having taken a 3.9% decrease from
September 2010 to September 2011. This has lead to an increase in home foreclosures
and a decrease in home ownership. In 2005, home ownership reached a peak at 70%, but
analysts believe that by the year 2015, that rate could drop all the way to 62%. However,
some believe that with improving trends and owners returning to the housing market, that
rate will increase to 67% by the year 2025.

Source:
http://www.usatoday.com/money/economy/housing/story/2011-12-04/cnbc-home-
ownership/51589950/1

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