Seth
> Maria Gilmore wrote:
>
> >This story came across the AP wire today:
> >
> >(Washington) Lowering mortgage rates has
> >done wonders for the real estate industry.
> >The government says the percentage of
> >American families who own their own homes hit
> >a record high this summer. The federal
> >housing department says the home ownership
> >rate was at nearly 67 percent from the July
> >to September quarter.
> >
> >Seriously? Can anyone tell me about this?
>
> Yes, this is true - the figure, at 66.8%, is the highest since the
> series
> began in 1956. For more, see
> <http://www.census.gov/hhes/www/housing/hvs/q398prss.html>.
> Homeownership
> rates fell in the 1980s. I think very indulgent mortgages may have
> something to do with this - 5% down, and even less - but I don't know
> for
> sure. Does anyone?
>
> Doug
>