On April 30, the U.S. Census Bureau reported that the percentage of Americans who own their homes was 65% in the first quarter of 2013, down from 65.4% a year earlier and the lowest level since 1995. According to a Bloomberg Businessweek article, the homeownership rate, which peaked at 69.2% in June 2004, is expected to continue to fall this year. As vacancy rates drop and credit conditions remain difficult, investors are buying single-family homes and renting them out to families unable to obtain a mortgage.
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