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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.

Posted on November 14, 2013, at 2:55 p.m. ET

1. Every state has at least 50% of its housing units owned with a mortgage.

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The two states with the lowest percentage of housing unites owned with a mortgage are California with 55.9% and New York with 54.9%. The state with the highest percentage is West Virginia with 72.9%.

2. The median home value is higher than ever.

It grew steadily from 1940 to 1970, but then took off.

3. But it took a hit when the market crashed.

4. Home values vary greatly.

5. If you want to own a home, live in Florida, Colorado, or Virginia. Don't live in New York City.

6. Homeownership rates decreased from 2007–2009 to 2010–2012 in the 50 biggest cities in the country.

7. Among the 50 biggest counties, Maricopa (Arizona), Contra Costa (California), Fulton (Georgia), Broward (Florida), and Clark (Nevada) saw the biggest drops in homeownership rates.

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8. And they decreased across the country significantly since 2005.