Haughwout, Andrew; Peach, Richard; Tracy, Joseph - 2009
After rising for a decade, the U.S. homeownership rate peaked at 69 percent in the third quarter of 2006. Over the next … homeownership rate declined by 1.7 percentage points. An important question is, how much more will this rate decline over the … current economic downturn? To address this question, we propose the concept of the 'homeownership gap' as a gauge of downward …