Economy

August 29, 2011

Thousands stuck in starter homes

Tens of thousands of homeowners in the Sacramento region are unable to take the traditional second step on the American home ownership ladder. During the boom years, young families could sell their first homes to buy larger ones, using the equity they built up in their starter models. But for those who bought at the height of the market, plunging prices have wiped out their equity and then some.

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