5 percent, the fourth quarter's
homeownership rate was lower than the fourth-quarter 2007 rate of 67.
The $100 million equity investment through ESIC and the $5 million grant to CSH are part of Fannie Mae's expanded American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority
homeownership rate to at least 55%; and make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most.
WASHINGTON - The minority
homeownership rate climbed to a record-high 48.
The minority
homeownership rate stands at around 50 percent, compared with nearly 70 percent for the nation as a whole.
Census Bureau today released a 2010 Census brief, Housing Characteristics: 2010, that shows the
homeownership rate is the second highest on record, behind only 2000, since homeownership data collection began in 1890.
9 percent, the third quarter's
homeownership rate fell from the second quarter's rate of 68.
The report, ``The State of the Nation's Housing: 1999,'' found the national
homeownership rate reached 66.
According to the US Census, the African American
homeownership rate dipped by 1 percent in 2004, only the second time the rate has dipped in the last 10 years.
1 percent, the second quarter's
homeownership rate rose from the first quarter's rate of 67.
The economic boom which has produced the highest
homeownership rate in history has a downside and that is predatory lending," Cuomo said.
Housing and Urban Development Secretary Andrew Cuomo predicted a record
homeownership rate if the trend continues, breaking the 65.
8 percent, the first quarter's
homeownership rate dropped from the first quarter 2007's rate of 68.
