by Barbara Mantel
"The housing market is finally showing signs of recovery after the
housing crash and Great Recession of the late 2000s. The number of foreclosed
homes is shrinking, sales of homes are climbing, prices are rebounding and
builders are ramping up construction. Yet the share of Americans who own their
homes dropped to 65.5 percent in the third quarter — the lowest since 1997. Many
of today's buyers are investors who are snapping up houses in some of the
hardest-hit neighborhoods and converting them into rentals, which experts say is
a new trend. Analysts wonder whether many Americans are permanently rejecting
homeownership in favor of renting. Meanwhile, policymakers are weighing how much
the government should help the millions of remaining distressed homeowners and
how to reform mortgage financing to avoid another housing debacle."
Read more about this topic and many others in CQ Researcher, accessible from off-campus with the current passwords.
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