New statistics were out a few days ago, and have since been all over the news: U.S. homeownership is at a 48 year low. As of Q2 this year, it’s the lowest it’s been since 1967, and is approaching historic lows. The Knowledge@Wharton radio show recently featured Wharton adjunct real estate professor Sam Chandan discussing trends in U.S. homeownership and rental markets. Curiously, they start off from the perspective of “a continuing tight market for mortgages,” which seems in direct contrast to the reality of today’s mortgage market.