Key Words: ‘The dream of homeownership is alive,’ says Bank of America’s head of retail lending. But, for many, it’s just that — a dream.

This post was originally published on this site

The housing market is out of whack. Mortgage rates and housing unaffordability have hit multidecade highs, and low inventory has made matters more difficult for would-be buyers across the board. 

It may be little surprise, then, that sales of existing homes and new builds are cooling. Older homeowners are staying put, and younger would-be buyers are strapped for cash.

Despite…