According to reports, despite the commencement of economic recovery last year, the percentage of homeowners fell to 66.4 % from 69.2% in 2004. The percentage rate of ownership is currently at the level it was in 1998, as some housing experts have said it could fall more to the level of the 1980s or even earlier.
However, in St. Louis, the rate of homeowners fell to 70.4%, which is the lowest level for the last six years. Real estate which has being perceived wrongly is said to still have the same perception on Tuesday.
The most watched housing index is said to definitely show prices of existing homes fall in March, and below lower rates attained 2-years- ago which is still presently at the bottom of the housing crash.
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