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Business News

Homeownership Hits 18-Year Low In 1st Quarter


(Washington, DC)  --  U.S. homeownership is at its lowest level in more than 18 years. Figures released by the Commerce Department yesterday show the share of Americans who own their own homes fell below 65 percent in the first quarter.  That's the lowest rate since 1995.  Analysts say rising property prices, higher mortgage rates and slow job growth are putting the brakes on the housing market.


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