Tuesday, July 29, 2014

Renting drives U.S. homeownership to 19-year low | Reuters

Renting drives U.S. homeownership to 19-year low | Reuters: "(Reuters) - Homeownership in the United States hit a 19-year low in the second quarter as tight finances continued to drive Americans toward renting, one of the lasting legacies of the recession.

The seasonally adjusted homeownership rate fell to 64.8 percent, the lowest level since the second quarter of 1995, the Commerce Department said on Tuesday."



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