Here’s the first sign that America may be pivoting from renting back to owning homes via MarketWatch

The homeownership rate has been on the decline ever since the peak of the housing bubble a decade ago.

Now it’s making a comeback, of sorts.

Overall American homeownership stood at 63.6% in the first quarter, the Census Department said Thursday. That’s down a tick from 63.7% in the fourth quarter, but up from a year ago, which is economists’ preferred way to gauge the data.

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