Even after two consecutive quarterly gains, the U.S. homeownership rate remains at its lowest point in 50 years.
Zillow reports that the homeownership rate increased to 63.7 percent, boosted by activity in the West and South. The number of owner households increased to 75.6 million, the highest level since 2009. The number of rental households, which had been rising steadily since 2004, dipped 218,000 to 43 million.
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