Home Ownership's Wild Ride, 2001-2011

Home ownership is a cornerstone of the American Dream for the economic and social benefits it conveys, but the past decade was a nightmare of foreclosures and inaccessibility for some groups. By 2011, the ownership gaps between black and white households, poor and rich households, less-educated and more-educated households widened considerably compared to the situation a decade earlier. In addition, America’s younger generations have had greater nancial obstacles to homeownership than did previous generations at the same stage in life: a fate unlikely to change soon.