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Housing and Urban Planning
U.S. homeownership rate slides to lowest level since 1995
U.S. homeownership rate slides to lowest level since 1995

The share of Americans who own their homes slipped again in the second quarter to its lowest level in nearly two decades. Just 64.8% of U.S. homes are owner-occupied, the Commerce Department said Tuesday, down from 65% in the first quarter and the lowest count since the third quarter of 1995. The figures are adjusted to account for seasonal variations. In Los Angeles and Orange counties, 49.1% of homes are owner-occupied. That's the lowest rate of any big metropolitan area in the country. Relatively high housing prices, tight credit standards and a still-soft job market are prompting more Americans to put off owning a home, housing economists say. And while the improving economy...

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