Is America’s destiny now rental housing?

Published February 25, 2015 7:41pm ET



Is the realistic aspiration to own a home still central to the American dream or is it fading away like so many other traditional American values?

Newly released data from the Census Bureau shows that the overall rate of homeownership in America hit a 20-year low in 2014. Only 64.5 percent of American households lived in a home they owned last year. That was the lowest rate since 1994, when 64.0 percent lived in a home they owned.

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