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U.S. Home Ownership Falls To A 50-Year Low03:37
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A for sale sign is seen in front of a home on June 22, 2016 in Miami, Florida. (Joe Raedle/Getty Images)
A for sale sign is seen in front of a home on June 22, 2016 in Miami, Florida. (Joe Raedle/Getty Images)
This article is more than 4 years old.

The Census Bureau reported Thursday that just 62.9 percent of Americans owned homes in the second quarter of this year, the lowest level since 1965.

Economists believe the rate may be low because young people are leaving parents' homes and renting, instead of buying, which reduces the rate.

Here & Now's Meghna Chakrabarti talks with Michael Regan of Bloomberg Gadfly about what's happening.

Guest

Michael Regan, columnist for Bloomberg Gadfly. He tweets @Reganonymous.

This segment aired on July 29, 2016.

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