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The Mortgage Professor: Home ownership is not for everyone

The homeownership rate has been increasing recently following more than 10 years of decline. According to the U.S. Census, the rate peaked in the first quarter of 2005 at 69.1 percent and then declined to a low of 62.9 percent in the second quarter of 2016. It has been creeping up since then, reaching 64.2 percent in the first quarter of this year.