Home ownership flattens out

A decade of increases in homeownership appears to be over.

The US Census Bureau says that homeownesrhip was 69% in the last quarter of 2005, downslightly from a year earlier. This is the third quarter in a row where there has been no year over year increase.

The Wall Street Journal says that there is no clear reason why home ownership has flattened out, but lists some possible causes.

Price increases have made buying much harder for first time buyers.

Economic weakness in the midwest where the rate dropped from 73.7% to 72.8%.

Demographic shifts as the population ages.

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