By Sam Ro
The comeback of the U.S. housing market has been one of the most bullish economic stories in the world since the financial crisis. Sales, construction starts, and prices have all trended higher.
While sales are up, ownership rates are actually down as reluctant Americans are opting to rent rather than buy.
According to new Census data, the homeownership rate slipped to 64.8% in Q1 from 65.0 % a year ago and 65.2% in the previous quarter.