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Homeownership Rates Slipping, Vary By Region

First Quarter 2008: Graph of Homeownership Rates [1]

Interesting how much homeownership rates vary by region. The midwest has the highest rate, yet they saw the least change in price appreciation during the housing boom. Markets in the west and northeast have the lowest rates (and the highest home prices).

Hmmm, let me see…. higher prices = lower affordability = lower home ownership rates = more creative financing.