U.S. homeownership hits record low: Gallup
The 62% of Americans who say they own their own home marks a new low since Gallup began tracking self-reported homeownership in 2001.
It's down from 68% in 2011.
But those surveyed also said they thought it was a good time to buy and that they thought prices would rise this year.
While the recession and financial crisis took place in 2008-2009, homeownership rates didn't begin to reflect the bursting of the housing bubble until 2010, when 65% of Americans reported owning their own home — the lowest level recorded before this year.
Fifty-three percent of Americans believe their house is worth more today than when they bought it, down significantly from 80% in 2008 and 92% in 2006.
Still, 70% of Americans surveyed said it's a good time to buy a house.
Americans are also much more positive about the direction of housing prices this year than they were last year.
Thirty-three percent expect houses in their neighborhood to rise in price. Last year, only 28% expected prices to rise.
Results were based on telephone interviews conducted April 9-12 with a random sample of 1,016 adults in all 50 states.