Business and the Economy
Census Measures Shifts in Housing Market
The percentage of people renting a place to live went up far more in Kentucky than those buying a home between 2000 and 2010, according to U.S. Census data. The downturn in jobs during the recession and tighter credit were key reasons, several real estate agents said. Statewide, the percentage of people renting their residence was 16 percent higher than in 2000, while the percentage of owner-occupied housing was up just 5 percent.