Home ownership in Phoenix plummeted by more than 12 percent between 2005 and 2014, according to the Census Bureau’s new American Community Survey.
In 2005, Phoenix was second in ownership tenancy to Riverside, California, with 68.1 percent of the Valley’s population owning homes. In Riverside, 69.7 percent of the population owned homes.
By the end of 2014, that number dropped to 59.6 percent in Phoenix, and only to 67.8 percent in Riverside. In a comparison of markets hard-hit by the Great… …read more
From:: biz journal foreclosures