U.S. Homeownership Rate Declined Last Year to 64.5 Pct, the Lowest Since 1994

U.S. Homeownership Rate Declined Last Year to 64.5 Pct, the Lowest Since 1994

People are scared out of their wits about buying a house now. As can be seen from the chart, they weren't when prices were soaring and interest rates were much higher.

I am generally not a fan of buying a house for investment purposes, but given current prices and the very low mortgage rates, I consider it an ideal time to buy (Don't get an adjustable rate mortgage, get a fixed rate--lock in these rates before they climb.)