Bubble Wrap

Home ownership rate remains flat

While prices have surged for the past few years, and affordability remains very low in many major markets, WSJ’s RealEstateJournal reports: After climbing steadily for a decade, the nation’s homeownership rate appears to have leveled off.

“You’ve got seven quarters in which the homeownership rate basically has done nothing,” says Jan Hatzius, chief U.S. economist for Goldman Sachs. “It’s fair to say that it’s stagnating.”

Also included, a list of the least affordable housing markets.