Nobody’s home

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Job losses, unaffordable mortgages and plunging home prices have resulted in a steady decline in home ownership over the past five years, CNNMoney.com reported after the release of a U.S. Census Bureau report. Nearly 3 million fewer Americans now own homes compared with the first quarter of 2005, when home ownership peaked at 69.1 percent, the Census Bureau said. During the third quarter of 2010, the home ownership rate was down to 66.9 percent, unchanged from a quarter earlier. That’s the lowest rate since the second quarter of 1999.