Why is this industry leader worried about the US homeownership rate?

Equity divide grows, cutting many out of the housing market, says CAR CEO Joel Singer
  • The homeownership rate has plunged nearly 10 percent since the recession.
  • Income disparity is causing the homeownership rate to decline.
  • The hardest-hit are minorities.
  • The desire to be a homeowner has not wavered, but economics are making it impossible for many.

California Association of Realtors CEO Joel Singer explains the public policy and economics behind the declining homeownership rate — and what, if anything, can be done about the downward-spiraling trend.