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The U.S. Census Bureau reported that the nation’s homeownership rate fell to 66 percent in the fourth quarter, marking a seven-year drop from a fourth-quarter peak of 69.2 percent in 2004.
There were only 618,000 single-family housing starts in 2013 – far below the pre-bubble average of 1.1 million per year.
The U.S. housing market is cooling, but in a few major metros, home prices continue to rise
In an interview on Bloomberg Television last week, billionaire Warren Buffett said the country's unemployment rate will improve substantially once the home-building sector rebounds. Buffett said that people will be surprised how quickly employment improv
Home prices fell for the third consecutive month in November in almost all cities covered by the Standard & Poor’s/Case-Shiller home price index.
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