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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 ...
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.
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]
But the world looks different than it did five years ago. In 2020, the pandemic disrupted the overall economy — the housing market included. The pandemic led many Americans to move, seeking more ...
Story at a glance Despite housing market challenges, most adults view homeownership as a hallmark of the American Dream. But the main barrier for younger generations is affordability, which has ...
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 ...
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 ...
Here's more evidence that the foreclosure crisis has changed the way we think about home ownership's place in the American dream. ... 800-290-4726 more ways to reach us. Mail. Sign in ...