U.S. homeownership hits 20-year low, but new households growing

U.S. homeownership fell to a 20-year low in the fourth quarter, but a sharp rebound in the rate at which Americans are setting up home is expected to help drive a pick-up in housing. Household formation, however, more than quadrupled to 1.7 million in the fourth quarter from only 356,000 … Read entire story.

Source: Personal Finance News Headlines – Yahoo! News