With home prices and mortgage rates high, many families find the American dream out of reach

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With home prices and mortgage rates high, many families find the American dream out of reach
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The Petersen family's two-bedroom apartment in northern California is starting to feel small.

The Petersen family's two-bedroom apartment in northern California is starting to feel small.Four-year-old Jerrik's toy monster trucks are everywhere in the 1,100-square-foot unit in Campbell, just outside of San Jose. And it's only a matter of time before 9-month-old Carolynn starts amassing more toys, adding to the disarray, says her mother, Jenn Petersen.

Is the dream of homeownership going to fade?Brian McCabe, a sociology professor at Georgetown University, said he frequently tells his students that 'there are few things that all Americans agree on, but one of them is that they'd rather own a home than rent.'McCabe said homeownership, especially as a wealth-building tool, is the right move for many, especially if the owner intends to be in one place for a long time.

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Home Prices And Mortgage Rates High Many Families Find The American Dream Out Of Reach

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