Realtormag
The housing market has made huge strides after facing one of its worst downfalls in history. But a large segment of the middle class is still struggling when it comes to home ownership.
“The lopsided recovery has shut out millions of aspiring home owners who have been forced to rent because of damaged credit, swelling student loans, tough credit standards, and a dearth of affordable homes,” The Wall Street Journal reports.
About 200,000 to 300,000 fewer U.S. households are buying a new home each year, Ken Rosen, chairman of Fisher Center of Real Estate and Urban Economics at the University of California at Berkeley, told The Wall Street Journal.
