Tag Archives: Monday Morning Cup of Coffee: Homeownership rate to normalize at 63%

A look at stories across HousingWire’s weekend desk, with more coverage to come on bigger issues: As they witness a steady flow of new and existing households in and out of the ownership market, housing analysts at Bank of America ($7.73 -0.06%) say the nation’s homeownership rate will decline further. The rate will eventually fall to about 63% and remain there, they say, pulled down by the continued flow of foreclosures. Some 34.6% of families rented their home in the first quarter, up from 34% at the end of 2011. […]