The American dream is not what it used to be

Owning a home is no longer the American dream it once was. The lingering effects of the Great Recession and housing bust have altered homeownership in the nation – a change likely to ripple through the housing market for years to come, according to a recent study conducted by the Joint Center for Housing Studies of Harvard University. Because of a lack of jobs, slow income growth and other financial factors – including the weight of student and other debt, homeownership continues to lose steam,…
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