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By Josh Feldman, Nov 06, 2015 WUSA 9
Then came the financial crisis, and the frontier stopped at places like the back fence of 4132 Recktenwall Ave.
The four-bedroom house there, meant to be owned by its residents, is today a rental. And the Severance family, meant to be owners, are its $1,365-a-month renters.
It's all part of a national shift away from home ownership and toward renting.
The U.S. home ownership rate peaked 10 years ago. Since then it has dropped from over 69% to under 64%, where it was a half century ago, with each percentage point representing more than a million households.
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