By Allison Charette, Research Analyst
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In the next five years, the housing market will continue to recover unevenly across metropolitan areas, according to a new study by the Demand Institute. Among 2,200 surveyed cities and towns, the wealthiest 10 percent account for 52 percent of the nation’s housing wealth while the poorest 40 percent hold eight percent. This housing wealth gap is expected to widen in the coming years. The report also projects that many newly formed households this year will favor renting over homeownership. (The Wall Street Journal, February 26)