NAA Industry Insider: How Low Can the U.S. Homeownership Rate Go?

After peaking at 69 percent in 2004, the U.S. Census Bureau reports that the country's homeownership rate has retreated to a nearly 18-year low of 65 percent. According to London-based Capital Economics Inc., the rate will fall even further -- to 64 percent -- in the coming year as even more households exit the foreclosure process and are forced to rent housing. While older Americans have been among the least affected by the decline in owner-occupants, first-time buyers and minorities have borne the brunt of the trend.

Read today's Industry Insider.