U.S. housing shifts gears with more owners, fewer renters

For the first time since the Great Recession, there are signs of a broad shift in America’s housing market. Homeownership rates are inching up, while the number of new rental households has declined slightly. “We are more confident that there is a turnaround in homeownership,” said Chris Herbert, managing director of the Joint Center for Housing Studies at Harvard University. “Last year was the first year on a year-over-year basis we saw an increase.”

Source: Dallas News