Haughwout, Andrew; Peach, Richard W.; Tracy, Joseph S. - 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 …
