Homeowners paying more for less.

Mortgage interest payments rose 15.8% last year as adjustable rate mortgagees saw their rates go up substantially. So home mortgage payments are an increasing burden on all Americans.

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At the same time, the vacancy rate for owner-occupied homes hit an all time high of 2.1%; and the percent of Americans who own ther own homes dropped to 68.5%, down from 69.1%

Goldman Sachs chief economist Jan Hatzius sees all this as strong evidence that “…. the housing sector really is slowing substantially.”

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