Is home ownership still part of the American Dream?
Owning a home has long been a cornerstone of the American Dream, but is increasingly out of reach for many US workers. A report by the White House in April suggests the United States needs 10 million additional houses to meet demand. Meanwhile, the average price of new home sales has jumped over 30 percent in just five years, and rental prices in most major US cities have surged by around 40 percent.
Warren Lowell, Assistant Professor of Human and Organizational Development at Vanderbilt University, says the problems of housing affordability and availability have been building for decades. "I…
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