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Non-Hispanic, white Americans had a 73.5 percent rate of homeownership, down from 74.1 percent in the prior-year quarter. Blacks had a 43.1 percent homeownership rate, down from 44.8 a year ago. The rate for Hispanics was 46.3 percent, down from 46.8 percent. It's probably not surprising that households with incomes equal to or greater than the national median family income had a higher homeownership rate (80.3 percent) than those who earned below the median (50.4 percent). But both sides of the income divide saw their homeownership rate decline by about 1 percent. While homeownership is down, fewer homes and rental properties are empty. The first-quarter Census figures show national vacancy rates for rental housing slipped to 8.8 percent, down from 9.7 percent a year earlier. Vacancy rates among homeowners fell to 2.2 percent from 2.6 percent. By region, vacancy in rental housing was highest in the South at 10.8 percent, and lowest in the West at 6.3 percent. The rental vacancy rate in the Northeast increased from a year ago, while rates in the Midwest, South and West declined. Among homeowners, the rate of vacancies was higher in the South than in the Northeast, but about the same as in the Midwest and West. Vacancy rates in the Midwest, South and West declined from a year ago. The rate in the Northeast was essentially unchanged. All told, roughly 86.1 percent of rental housing and homeowner properties were occupied in the first quarter, while nearly 14 percent were vacant.
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