With all the recent publicity about the number of defaults hitting new highs, very little information is conveyed about the percentages. Subprime lending has taken a beating to their reputations, when I feel like this increase has to have something to do with an increase in home ownership. Subprime allowed many people to get into homes that would not have otherwise qualified that are doing fine, but we only hear about the ones in trouble. I am just curious to see statistics on whether there is a correlation with an increase in new owners vs. defaults and how that stacks up against previous averages... not just raw numbers.
Where can I find national statistics on increases in home ownership and default/foreclosure rates?
Try the US Census web page.
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