Friday, July 29, 2011

The U.S. homeownership rate...

...fell to the lowest level since 1998 in the second quarter as stricter lending standards blocked purchases and
foreclosures forced people out of their residences. The ownership rate through June was 65.9 percent, the lowest since the same rate 13 years ago, the U.S. Census Bureau said in a report today. The vacancy rate, the share of properties empty and for sale, was 2.5 percent, compared with 2.6 percent in the first quarter.

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