(CNBC) Home ownership in America is not nearly as common as it was in the past. Census Bureau figures show that in the second quarter of 2016, the home ownership rate dropped to 62.9 percent — the lowest in more than 50 years.
Are we witnessing the death of the American Dream of home ownership and a white picket fence?
Perhaps not. A recent survey showed that even though 62 percent of millennials are renting or living with roommates, almost 90 percent want to be homeowners.
Advertisement - story continues below