The nation's home ownership rate, already down from a high of more than 69% at the height of the housing market to 67.1% today is poised to fall even further, according to California marketing consultant John Burns.

Despite several factors that could push the rate back up, Burns, who works for dozens of homebuilders nationwide, thinks it will drop to 61.7%. And it could fall to under 60%, he says, if a meaningful number of the 5 million owners with no equity in their properties decide to walk away from their mortgages.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.