A home under construction stands in the Norton Commons subdivision of Louisville, Ky. Photographer: Luke Sharrett/Bloomberg

The "American Dream" could be on the verge of a rebound for some. The home ownership rate for young Americans will probably increase over the next decade to close to 60% from below 40% in 2016 as their incomes increase and they start families, according to Freddie Mac estimates. The data track two cohorts: Americans who were between the ages of 25-34 in 2016 and those who will be in that age group in 2025.

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