USA Homeownership Rate Declining

Uncategorized
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

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver 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. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
Previous

Capacity Utilization Improving
Next

Four Impediments to Economic Normalcy