Homeownership Rate in U.S. Declines

Homeownership Rate in U.S. Declines

Andrew Harrer/Bloomberg

Keys hang on the wall of a five-bedroom row house for sale in the Logan Circle neighborhood of Washington, D.C. The homeownership rate probably will settle around 64 percent, where it stood from about 1965 to the mid-1980s, because credit conditions are similar to that era, according to Patrick Newport , U.S. economist with IHS Global Insight..