Topic: homeownership

Harvard's Housing Report Says Middle-Class Homeownership Is Slipping Out of Reach

• The typical US home now sells for nearly five times the median household income — versus 3.2 times in the 1990s — and the median first-time buyer is 40 years old, an all-time high.
• Harvard's new housing report argues the broad middle-class homeownership of the postwar era may have been a one-off, not a permanent feature of American life.