Homeownership to decline further, housing analyst predicts – Los Angeles Times Articl

Here’s an brief intro to the article published by LA Times.

“Homeownership to decline further, housing analyst predicts Housing analyst John Burns says he got “a lot of heat” for his recent report predicting that homeownership could drop below 62 percent—and maybe further—if the number of “strategic defaulters” who walk away from their underwater mortgages continues to increase, he said.”

To read the full story, please click here:
http://www.latimes.com/business/realestate/la-fi-umberger-20100815,0,62214.story

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