Homeownership rate falls from 66.2 percent to 65.1 percent in the past decade. Homeownership gap between whites and blacks is biggest since 1960.
Even as home sales increased in August, median prices fell. Experts point to a 'shadow inventory' of homes that will eventually face foreclosure and say prices won't keep up with inflation for years.
Home sales in May stood at 4.8 million – down from 5 million in April and lower even than the figure for winter months. Realtor association cites tight credit and severe weather.
Home prices fell sharply during the first quarter of 2011, according to the S&P/Case-Shiller index. The 'double dip' means they dropped below their Great Recession low point, reached in early 2009.
The Great Recession officially ended in June 2009. That's apparent on Wall Street, less so on Main Street. But the economic recovery is gradually being felt in places like Poughkeepsie, N.Y.
A study of 20 US cities shows that house prices fell in all 20 in October. Atlanta was hit the hardest. Overall, house prices fell by 1.3 percent in the month.
Towering mortgage debt continues to fuel the housing crisis. What policies could help reduce the number of foreclosed homes?
It's still a good time to buy. The end of tax credits and foreclosures will help keep home prices down.
Two new reports show home values falling again. They could dip below last year's lows, some economists say.