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Lowest Homeownership Rate in 20 Years; Expect Further Decline

By Lawrence Yun, Chief Economist, NATIONAL ASSOCIATION OF REALTORS®

The homeownership rate in the U.S. has fallen by a hefty five percentage points from the bubble peak of a decade ago. The latest figure of 64.3 percent is the lowest since 1995. Unfortunately, additional declines in the ownership rate should be expected over the next two years at least before stabilizing and going up.

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