We found historical homeownership rates buried in a digitized Census Bureau report from the 1970s indexed and searchable at the University of Minnesota. We’ve reproduced the additional data points in the chart and table. You can find the quarter to quarter homeownership data from the Census Bureau at the St. Louis Fed’s FRED economic indicator […]
It has been mentioned here and elsewhere that the mortgage interest deduction in the tax code is a roundabout way of subsidizing banks. If interest rates are determined by supply and demand then the demand for interest rates is only dependent on what a taxpayer’s “effective interest expense is”. A new study suggests that most of the benefits fall into the hands of lenders.