Renting drives U.S. homeownership to 19-year low

Renting drives U.S. homeownership to 19-year lowA vacant home is shown in North Las Vegas, Nevada April 2, 2013. REUTER/Steve Marcus The seasonally adjusted homeownership rate fell to 64.8 percent, the lowest level since the second quarter of 1995, the Commerce Department said on Tuesday. That compared to 65.0 percent in the first three months of 2014 and 65.1 percent a year ago.

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