When the rate of homeownership is at a 50-year low — but people of all ages and ethnic backgrounds continue to say that owning a home is part of their American Dream — it’s no wonder that real estate agents and brokers have questions about the future of homeownership.
- Millennials are typically marrying and having kids later in life -- after securing a college degree.
- Stagnant income growth and lingering concerns from the recession are also impacting homeownership.
- Even controlling for other factors, the gap between white and Asian, black and Hispanic homeownership exists.
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