Sunday, May 27, 2007

NYC home ownership higher than ever

New York, a city of renters since immigrants began jamming lodging houses and tenements early in the 19th century, has reached two milestones in homeownership:

One in three households now own their dwellings, according to a new analysis of census results. And the number of homes and apartments occupied by their owners has passed one million for the first time.

In a City Known for Its Renters, a Record Number Now Own Their Homes

Graphic from NY Times

1 comment:

Anonymous said...

Yes but with subprime lending so popular, at what cost is this ownership?