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Tribune News Service
Tribune News Service
Business
Jeff Ostrowski

Nearly two-thirds of non-homeowners polled say affordability woes block homeownership

Home prices are still soaring. Affordability grows more challenging by the month. Even so, homeownership remains very much part of the American dream, a Bankrate survey finds.

Bankrate’s Financial Security survey for March shows that Americans place a higher value on homeownership than on any other indicator of economic stability, including a successful career and a college education.

Meanwhile, Americans who have yet to achieve homeownership say the combination of soaring home values and rising mortgage rates are holding them back.

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