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By Lucia Mutikani WASHINGTON (Reuters) - Homeownership in the United States hit a 19-year low in the second quarter as tight finances continued to drive Americans toward renting, one of the lasting legacies of the recession. The seasonally adjusted homeownership rate fell to 64.8 percent, the lowest level since the second quarter of 1995, the Commerce Department said on Tuesday. Economists said homeownership, which peaked at 69.4 percent in 2004, could fall even further as banks maintain stringent lending practices and wage growth remains tepid, despite an acceleration in job creation. It's becoming harder to own a home," said Patrick Newport, an economist at IHS Global Insight in Lexington, Massachusetts.
CHICAGO (AP) — The NCAA agreed Tuesday to settle a class-action head-injury lawsuit by creating a $70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma playing football, hockey, soccer and other contact sports.
WASHINGTON (AP) — House Republicans unveiled a slimmed-down bill Tuesday to address the immigration crisis on the U.S.-Mexico border by sending in National Guard troops and speeding migrant youths back home. The election-year measure would allow Republicans to say they tried to solve the humanitarian problem in South Texas, even though it stands no chance of becoming law.