DETROIT-A weak demand for housing and rise in foreclosures haveprevented the nation's homeownership rate from moving forward. TheCensus Bureau said that the homeownership rate remained unchangedat 66.6% in Q3 2010 compared to that of Q2.

Nearly 64% of homes in the US were owned by residents for morethan a decade. Patrick Newport of IHS Global Insight said that thetight lending standards and foreclosures may force thehomeownership rate to go down. For the full story, go toThe Detroit Free Press. News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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