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
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.