Number of Americans who own home on the decline

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by Ellen Braitman / Bloomberg

Bloomberg

Posted on May 1, 2013 at 7:23 AM

The number of Americans who own their own home is on the decline. The Census Bureau says only 65 percent owned their home in the first quarter, the lowest level since 1995. This comes as families rent single-family homes from investors instead. Home ownership peaked in the boom days of 2004 at nearly 70 percent.

Arizona is on the road to becoming the second state in the nation to recognize gold as legal tender. A controversial bill is on its way to the state's governor, and the Associated Press says lawmakers in at least five other states have recently considered something similar. Opponents say volatility in gold prices makes owning gold too risky.

And did you start doing your own auto repairs during the recession? A new survey from AutoMD.com says 90 percent of do-it-yourselfers are working on their own car as much or more as they were a year ago. And nearly 80 percent say even though their financial situation has improved, they are still working on their own cars. AutoMD.com says the availability of how-to information online may be helping drive the do-it-yourself trend. The savings could be substantial. 30 percent say they save more than a thousand bucks a year doing their own repairs. 

 

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