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In 2010, home ownership saw its biggest drop since the Great Depression while the number of vacant homes jumped a whopping 43.8% to 15 million. Sarah Ryler reports: Over the past decade, the national home ownership rate decreased to 65.1 percent. That is still the second-highest rate since the Census started tracking housing characteristics in 1890 — when the home ownership rate was 47.8 percent. But it’s down from the mid-decade peak of 69 percent, when the mortgage-backed securities craze led banks to issue loans to just about anybody for little to nothing down.

In 2010, home ownership saw its biggest drop since the Great Depression while the number of vacant homes jumped a whopping 43.8% to 15 million. Sarah Ryler reports:

Over the past decade, the national home ownership rate decreased to 65.1 percent. That is still the second-highest rate since the Census started tracking housing characteristics in 1890 — when the home ownership rate was 47.8 percent. But it’s down from the mid-decade peak of 69 percent, when the mortgage-backed securities craze led banks to issue loans to just about anybody for little to nothing down.

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