02/02/2015 – Home prices have fully recovered, but ownership way down

home ownership vs sales price

Median home sales prices have come roaring back to near all time highs (adjusted for inflation), meanwhile home ownership as a percentage of the population hasn’t been this low in 20 years. Has the American Dream entered another phase? Is this another boom due for a bust? Not sure yet what the long term ramifications are of our new “rental” society, but the landscape has definitely changed.… Read the rest