| The U.S. homeownership rate in the third quarter was at the second-lowest level in 13 years as borrowers were evicted after foreclosures and the tightest mortgage standards in more than a decade thwarted new buyers.
The ownership rate was 66.3 percent, up from the 13-year low of 65.9 percent in the prior quarter, the U.S. Census Bureau said in a report today. It was the only gain in two years. The vacancy rate, measuring empty properties for sale, was 2.4 percent, compared with 2.5 percent in the second quarter, according to the report...............................................Full Article: Source
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