Young Homebuyers Are Vanishing From The U.S.
This goes back to the floor the Fed put under housing in 2008-2011 and in the process shut out people who would have been able to pick up housing deals. Now many young people are shut out of the market.
A nationwide shortage of affordable housing, coupled with lower mortgage rates, has stoked prices in cities from the coasts to the heartland. At the same time, student loans and other debts make it harder for Americans to save tens of thousands of dollars for a down payment, while tight lending standards can make getting a bank loan difficult for borrowers with less-than-stellar credit scores.