Just take a minute to let the statistics below sink in.
Let’s not forget the overwhelming positives:
• 22% of American households own their home free and clear of
any mortgage
• 34% of American households own their home and have equity in
it
• 34% of American households rent
That totals 90% of American households.
Of the 40.6 million who rent,
• 42% rent in a small apartment building
• 27% rent a single family home
• 20% rent in a large apartment building
• 6% rent a condo
• 5% rent a mobile home, boat, etc.
John Burns Real Estate Consulting
U.S. Building Market Intelligence
"Trusted Analysis for Executive Decisions"
www.realestateconsulting.com
May 3, 2012
http://web.
