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Gallup: Family of four needs an average $58,000 a year
WASHINGTON, Jan. 29 (UPI) -- The U.S. home ownership rate dropped in the fourth quarter of 2012, matching the lowest percentage since early 1997, the Census Bureau said Tuesday.
The home ownership rate fell from 65.5 percent in the third quarter to 65.4 percent in the fourth, which matches the first-quarter rates in 2012 and 1997. It has remained higher in every quarter in between.
Home ownership peaked in the first quarter of 2005 at 69.1 percent.
The Census Bureau said 86.3 percent of housing units were occupied in the third quarter of 2012.
The home ownership rate is the percentage of households that are owner occupied.
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LONDON, May 20 (UPI) --
British investigators say they are "urgently reviewing" whether to join a European Union probe of three oil companies for alleged gasoline price-fixing.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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