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The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965. (Photo: Shutterstock)

(Bloomberg) – The U.S. homeownership rate fell to the lowest in more than 50 years as rising prices put buying out of reach for many renters.

The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965, according to a Census Bureau report Thursday. It was the second straight quarterly decrease, down from 63.5 percent in the previous three months.

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