"Generation Stuck: Young Adults Face Record Housing Barriers A new survey from real estate brokerage Redfin has shed light on a disturbing trend: young adults are facing unprecedented challenges in breaking into the housing market. According to the report, a staggering 38.3 percent of 28-year-olds owned their own home last year, a decline from previous generations. This decline is particularly concerning when compared to Gen Xers, who at the same age, had a homeownership rate of 42.5 percent, and baby boomers, who reached 44.4 percent at the same stage in their lives. The findings highlight a growing concern that the American Dream of homeownership may be slipping further out of reach for many young adults, sparking questions about the future of the housing market and the economic prospects of an entire generation."
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 Gen Xers and 44.4 percent of baby...
