8 Statistics That Show How The Recession Affected Home Ownership
The U.S. Census Bureau on Thursday released data on home value and ownership data during and after the recession.
Every state has at least 50% of its housing units owned with a mortgage.
The median home value is higher than ever.
But it took a hit when the market crashed.
Home values vary greatly.
If you want to own a home, live in Florida, Colorado, or Virginia. Don't live in New York City.
Homeownership rates decreased from 2007–2009 to 2010–2012 in the 50 biggest cities in the country.
Among the 50 biggest counties, Maricopa (Arizona), Contra Costa (California), Fulton (Georgia), Broward (Florida), and Clark (Nevada) saw the biggest drops in homeownership rates.
And they decreased across the country significantly since 2005.