Articles by Patrick Clark

Renters Now Rule Half of U.S. Cities

The American Dream increasingly involves a lease, not a mortgage. Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters. Just 49 percent of Motor City households were homeowners in 2015, down from 55 percent in 2009 and the lowest percentage in more than 50 years.

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