by Mike ‘Mish’ Shedlock
Reader Duncan Burns, a writer for the “Valley Patriot”, a local newspaper in North Andover, Massachusetts pinged me with an interesting chart on the home ownership rate in Massachusetts.
A quick look at the chart led to hours of investigation. There were huge variations in home ownership rates, state by state.
Region in the county was not a factor, nor was the size of the state. Home ownership peaked in 1998 in one state and 1999 in several more.
The Massachusetts home ownership rate did not peak until 2012!