The homeownership rate inched back up to 69% in the third quarter due mainly to a sizable increase in black homeowners, according to the U.S. Census Bureau.The Census Bureau reported that the nation's homeownership rate rose from 68.7% in the second quarter to 69.0% in the third quarter. The last time the homeownership rate hit 69% was in 2005. The homeownership rate for blacks jumped to 48.6% in the third quarter from 47.2% in the second -- the highest rate for blacks since the first quarter of 2005. Meanwhile, the homeownership rate for Hispanics drifted down to 49.7% during the third quarter from 50.0% in the previous quarter.

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