The 'Great Recession' and housing bubble have taken their toll on U.S. home owners. According to government figures released Monday morning, the nation's overall home ownership rate fell to 66.5% in the fourth quarter, the lowest reading since 1998.

Home ownership for all Americans peaked in the fourth quarter of 2004 at 69.2%, about one year before subprime production reached a record high of $800 billion and achieved a market share of 25%. (Ten years earlier subprime accounted for about 5% of all loans funded in the U.S.)

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