Almost half of all American adults no longer believe that homeownership is a realistic way to build wealth, according to a new study released by the National Foundation for Credit Counseling. The non-profit, which has been around since 1951, said one-third of those surveyed, do not think they will ever be able to afford a home. NFCC also found that 31% of those surveyed do not think they will ever be able to buy another home which potentially spells bad news for the upgrade and vacation home market. Meanwhile, a new study by Genworth in Canada found that 84% of those surveyed said that owning a home goes beyond its financial value and feel that homeownership pays off in more ways than one.
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