Simply Unaffordable II: Homeownership Rate Drops To 29 Year Low (As Rents Keep Rising)

Homeownership in the USA continues to fall as the US Bureau of Census releases their latest numbers for Q1 2015. The homeownership rate fell from 64% to 63.7%.

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At the same time, median asking rents have just hit an all-time high. This is particularly troubling since wage growth is so dismal despite massive QE by The Federal Reserve.

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Simply unaffordable!

Doctor, doctor (Yellen), here’s the news! We’ve got a bad case of … unaffordable housing.

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