Young adults struggle to break into housing market as Congress seeks solution
Housing And Homelessness,Affordable Housing,Housing Market,Trump Agenda,Mortgage Rates,Home Sales,Affordability
Young adults are struggling to break into the housing market, facing historically high barriers to homeownership and falling behind previous generations.
A survey released by real estate brokerage Redfin in January found that 38.3 percent of 28-year-olds owned their home last year, less than the 42.5 percent of Generation Xers and 44.4 percent of baby boomers who owned their home at that age.
"They're just having trouble affording housing in general, and that just makes the prospect of owning a home feel unachievable for them," Redfin chief economist Daryl Fairweather told The Hill on Wednesday, referring to young adults...
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