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Revealing relationship between homeownership and household income
There are a lot of factors that impact the rate at which Americans own homes – especially household income. Often, the rise or fall of household income has much to do with how many americans can aff... ord to own homes. Throw in inflation and interest rates and it is easy to see what factors were involved with the decline of homeownership rates since 2004 and the housing market collapse in 2007.
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