'Real' Homeownership Rate at Nearly 50-Year Low

Adjusted figures look worse than official ones
A foreclosed home in Islip, New York. Photograph by Spencer Platt/Getty Images

So much for President George W. Bush’s “ownership society.” The real rate of homeownership—subtracting people who are about to be ejected for not paying their mortgage—has fallen to lows not seen since the mid-1960s, according to a new analysis.

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