Federal Reserve & U.S. Homeownership

Federal Reserve & U.S. Homeownership – Our Overlord Landlords by Stephen Aust, MarketCycle Wealth Management The above snippet was taken from a CNBC headline on April 28, 2016. I’ve received several questions from readers (via the website’s contact page) asking the same question:  “How can U.S. homeownership be at record LOW levels and yet there is a limited supply of homes for sale and prices are high?” Homeownership Rate The answer is simple although the financial reporters seem to have missed the importance of the story.  Since 2009, hedge funds have purchased houses at record numbers and banks were still holding onto houses that…