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In 2010, home ownership saw its biggest drop since the Great Depression while the number of vacant homes jumped a whopping 43.8% to 15 million. Sarah Ryler reports:
Over the past decade, the national home ownership rate decreased to 65.1 percent. That is still the second-highest rate since the Census started tracking housing characteristics in 1890 — when the home ownership rate was 47.8 percent. But it’s down from the mid-decade peak of 69 percent, when the mortgage-backed securities craze led banks to issue loans to just about anybody for little to nothing down.