Housing crisis hits all ages as homeownership declines nationwide

A common narrative suggests that the housing crisis is a young person's problem, with Gen Z and millennials bearing the brunt of high prices.

However, new data from the Federal Reserve Bank of New York and the American Enterprise Institute Housing Center reveals a much more disturbing reality: the collapse of homeownership is happening at every age level.

"The profile has shifted from the young couple starting a life to the established professional who has been squeezed out of the market for a decade," Douglas Elliman's Jaclyn Bild told Fox News Digital on Wednesday. "Today's first-time buyer is juggling way more than someone buying their first home 20 years ago. They're coming in with kids, fully formed careers, sometimes aging parents, and zero interest in a temporary starter home. They want something that supports the life they already have. The challenge is that pricing hasn't adjusted to reality."...