USA Homeownership Rate Declining

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Written By H. Pike Oliver

John Burns Real Estate Consulting's latest electronic newsletter highlights the decline in the homeowership rate in the USA.  You may see the article, which highlights the factors that are pushing homeownership up and those that are pushing it down,  at  http://tinyurl.com/3afwoht .  Slightly more than 67 percent of US households owned their residence at the peak of the recent real estate boom.  This  rate has been on the decline for the past several years and the Burns firm believes that 6 million of the 8 million homeonwners currently not paying their mortgage will lose their home by 2012.  If so, this would reduce the homeownership rate to under 62%. as follows.

H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

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