The Detroit Free Press reports that with record-low interest rates and down payments that can be waived in today's real estate market, it's no surprise that homeownership is on the rise. According to the U.S. Census Bureau, the percentage of homeowners who are younger than 25 has jumped 69% -- from 14.9% in 1994 to 25.2% in 2004 -- as teens and people in their 20s choose to own rather than rent.

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