American dream of owning a home out of reach for many in tight markets

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Many middle- and lower-income Americans are left with a dwindling number of options or forced into renting while supply increases for the wealthiest buyersSamantha Hawkins had a clear vision for her first home: the 29-year-old from Austin, Texas, wanted a detached house surrounded by a yard for her dog, a garden and a stable space where she could put down roots.By January, when she bid $230,000 on a tiny, yardless condo converted from a rental studio, she had “bent on a lot of the things I val ...

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