The percentage of American home owners fell to 67.3 percent at the end of the fourth quarter of 2009, the lowest percentage since the second quarter of 2000. The homeownership rate reached a high of 69 percent in 2004, fueled by low interest rates and easy credit options.

But the rate began to fall in 2006 as many owners failed to make their payments and begin facing foreclosure. Since 2006 nearly 4 million homes have been lost across the US to foreclosures.

“The homeownership data I think really just underscores how this country as a whole became obsessed with getting people into homes,” says Mike Larson, real estate and interest rate analyst at Weiss Research Inc., an investment-research firm. “You can do all kinds of things to get people into a house, which we did; the real problem is making it so they can stay there.”

Today many home buyers have more information available to them then ever before. With the internet and the gobs of data available online we are here to help you with your home purchase. Give us a call to set up an educational meeting one-on-one.