Home ownership -- once a key fixture of the "American Dream" -- has lost some of its glory over the last few years as the real estate market imploded during the financial crisis. The data showed housing inventory increased by 15.8 million units, or 13.6%, from 2000 to 2010, led by gains in the South and West. The largest percentage of homeownership rates were in the Midwest at 69.2%, followed by the South at 66.7%, the Northeast at 62.2% and the West at 60.5%.
Even so, homeownership rates decreased in each region from 2000 to 2010, the data showed. The largest cities in America saw homeowners outnumbered by renters in 2010, similar to the demographics a decade earlier, particularly in New York, Los Angeles, Chicago and Houston. -- Written by Miriam Marcus Reimer in New York. >To contact the writer of this article, click here: Miriam Reimer. >To follow the writer on Twitter, go to @miriamsmarket.
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