The Demographics of a Decline

Homeownership in the United States expanded rapidly from 1994 to 2004 but then declined. Some 69 percent of all house- holds owned homes in 2004. The rate stood at 67.8 percent in 2008. Blacks and native-born Latinos are among those who experienced the sharpest reversal in homeownership in recent years. Immigrant households did not experience similar losses in homeownership. Foreign-born Latinos, the largest immigrant group in the U.S., have not yet seen a reversal in homeownership.

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