**After years of no qualifier loans and 100% financing, the home ownership rate in Sacramento for detached homes had risen to 83% in 2007.  This was immediately followed by foreclosures and short sales and the ownership rate has declined back to 77%, the lowest level in 40 years.  For more information on this Sacramento Bee article go to:  http://www.sacbee.com/2014/05/12/6396844/homeownership-in-sacramento-plummets.html.