America losing its homeowners
This final note today. We added jobs in September, but we’re losing something else in this economy: Homeowners.
The Census Bureau said earlier this week that a hair over 65 percent of American owned their own homes in 2010. A substantial majority, but well below the 70 percent who owned at the height of the housing bubble five years ago.
Economists say it’s unlikely we’ll get back to that level again.