User: Brian Ripley: U.S. Housing: U.S. Homeowners vs Renters 1966-2013
U.S. Homeowners vs Renters 1966-2013
When Real Estate Deflates, Owners Become Renters
This chart shows the major shift in sentiment and ability when the booming U.S. housing market busted in 2008.
The weak hands folded and the rates of home ownership plummeted. The year over year change in ownership in 2013 was negative 27,800 while domicile rentals increased 525,500 Y/Y.
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Changes in the percent bearish have a contrary correlation, particularly at key turning points.