The True Picture of the California Housing Market 488388807043998927-blid-5253711740455479591

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According to first quarter data for this fiscal year 2012 in the state of California, roughly 55 percent of occupied housing is owner-occupied, with the remaining 45 percent being renter-occupied. Of those who are statistically classified as owning a home, over 75 percent carry it with a mortgage and about 35 percent, or about 5,100,000 homes are near negative equity.
from: http://ezinearticles.com/?The-True-Picture-of-the-California-Housing-Market&id=7023440