The Bloomberg headline: "American Dream Slipping as Homeownership at 18-Year Low."

It’s slipping away! It’s all falling apart! It’s the end of a dream!

Well, no. Bubbles are funny that way. The reality is that the current rate — about 64 percent — is the same rate it averaged from 1965 to 1995.

But "Homeownership rates back to normal" isn’t as exciting a headline, is it?

Here’s the chart via Calculated Risk (click to enlargofy):