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Report: Homeownership at Lowest Rate in Nearly 50 Years

Whether by choice or circumstance, it seems fewer and fewer people are sharing in the American dream. A report released Monday from John Burns Real Estate Consulting revealed that the “real” homeownership rate—measured as the percentage of households that own a home and are not seriously delinquent on their mortgage—has fallen to 62.1 percent, the lowest level in almost half a century. Read more…

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