Home ownership rates in the U.S. stood at 63.4% in the second quarter of 2015, continuing a downward trend in the sector over the last year or so. But more importantly, the rate of home ownership is getting close to historic lows. The second quarter rate is the lowest since 1967. And with a continuing tight market for mortgages, it doesn’t appear that the home ownership rate will resurge in the near future.

Wharton adjunct real estate professor Sam Chandan and David Hansel, president of Alpha Funding Solutions, a private and direct asset-based lender, recently appeared on the Knowledge at Wharton radio show to discuss trends in the U.S. home ownership and rental markets. The Knowledge at Wharton show airs 10 a.m.-12 p.m. Eastern time Monday-Friday on Wharton Business Radio on SiriusXM channel 111.