Homeownership Takes Biggest Drop Since Great Depression
Homeownership
The U.S. Census Bureau just released a report that showed the homeownership rate in the U.S. fell to 65.1 percent last year. This is the largest drop since the Great Depression! Now, many believe the U.S. may never return to its mid-decade housing boom peak in which nearly 70 percent of occupied households were owned by their residents.
Also, some are speculating that there is a shift going on where the American dream of homeownership is fading in favor of the idea of the flexibility that renting provides.
Here in San Diego, I would venture to guess that the vast majority of home purchasers from 2005 through 2010 would have been far better off, at least financially if instead of purchasing a home, they had rented one here in San Diego during this time. Read more 
Housing Recovery Not Until 2015
Housing market recovery
The analysis of today’s housing market in the video below, in my opinion is one of the most accurate and truthful that I have seen. Be forewarned, that if you’re a San Diego homeowner who’s expecting a snapback in your home value, I’d suggest not viewing this video because the harsh reality can be, and is, quite depressing. Read more