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Majority of Renters Have No Plans to Purchase Home 

Oct 02, 2008By

Amongst continued upheaval in the housing market, that well-worn ideal called the “American Dream” may, surprisingly, no longer include owning a home. A survey released Thursday found that a whopping 70 percent of non-homeowners have no plans to purchase a home within the next year, contributing to what real estate search engine Trulia, Inc. is calling a “crisis of confidence” among U.S. homebuyers.

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