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The MReport Webcast: Wednesday 3/2/2016

The American Dream is the idea that every U.S. citizen should have an equal opportunity to achieve success and prosperity through hard work, determination, and initiative, but Zillow says there are some that associate this dream with owning a home.

Zillow's Housing Confidence Index found that of the millennials, 65 percent said that homeownership and the American Dream go hand-in-hand, more than any other generation. Meanwhile, those age 65 and older noted that homeownership is necessary for the good life and the American Dream. The index also pointed out that 70 percent of Hispanics indicated that owning a home is a large part of the American Dream, while 64 percent of Asians and 63 percent of blacks said the same. Only 60 percent of whites said homeownership was a necessary part of the American Dream.

Managers of properties in single-family rental securitizations have been steadily increasing rents more for renewals than for new tenants for vacant properties over the past two years, a new report by Morningstar Credit Ratings has found. According to Morningstar’s 28-month-long analysis of single-family rental securitizations, rents in Q4 of 2015 dropped for new tenants, while at the same time rents for existing tenants has increased gradually and steadily since at least July of 2014.

About Author: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.
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