U.S. Homeownership Rate Plunges to Lowest Level Since 1997

The Department of Commerce’s Census Bureau released last Monday the latest U.S. homeownership data. According to the Census Bureau, homeownership rate plunged to the lowest level in 15 years in the 1st quarter of this year. The homeownership rate fell 65.4% from 66% in the 4th quarter of last year. This is the lowest level …

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