Housing

How Housing Is Making America's Wealth Divide Worse

Home value is disproportionately concentrated in just a handful of U.S. cities and towns.
AP

Homeownership has long been a central part of the American Dream. But for many families and communities, it's turning into a nightmare.

A new report from the Demand Institute highlights just how geographically uneven the housing market has become [PDF]. The report analyzed housing market data for states, metropolitan areas, and 2,200 of America's largest cities and towns, which account for about half of the country's total.