Home ownership at 15 year low but market “heading back”

“Housing is adding to growth now and I think it is going to continue going forward.” states Patrick Newport of IHS Global Insight.  This in spite of recent data that shows home ownership at a 15-year low.  “We are headed back to a market that we had 20 years ago, where to qualify for a home you would have good credit, a good down payment and a good, steady job.” Newport said.  With housing always a large contributor this bodes well for the the US economy.  To view the entire article from the April 30, 2012 Los Angeles Times please CLICK HERE

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