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This is an important point to understand changes in the home ownership rate over time. The bust of the housing bubble resulted in many houses becoming foreclosed. However, the decrease in the home ownership rate from 3Q2007 to 4Q2007 was mostly a result of an increase in the renter's population and less due to a decrease in the homeowner ...
Americans' love of their homes is widely known and acknowledged; [86] however, many believe that enthusiasm for home ownership is currently high even by American standards, calling the real estate market "frothy", [87] "speculative madness", [88] and a "mania". [89]
Ever since the end of the boom years of the early 2000s, the housing market has struggled to hit bottom, seemingly plowing ever lower even after years of declines. As a result, millions of former ...
Housing is also important to developers, builders, lenders, realtors, investors, architects, and other specialized professions and trades. These groups view housing as a commodity for financial gain. [6] As the United States industrialized in the 20th century, demand for housing fueled job growth and consumer products to create economic growth.
Mostly by accident, I have never owned a home, and consider it one of the best financial moves I've ever made. Not because suffering through one of the worst real estate downturns in history would ...
Here's more evidence that the foreclosure crisis has changed the way we think about home ownership's place in the American dream. Nearly half of those polled in a newly released survey said that ...
Increasing home ownership has been the goal of several presidents, including Roosevelt, Reagan, Clinton, and George W. Bush. [2] Some experts say the events were driven by the private sector, with the major investment banks at the core of the crisis not subject to depository banking regulations such as the CRA. In addition, housing bubbles ...
Anytime that something is nationally recognized as "The American Dream", there's a good chance that it's overrated.In the midst of record foreclosures, and plummeting home values leaving people ...