Why homeownership is becoming incredibly tough for young people ...Middle East

The Hill - News

Story at a glance Despite housing market challenges, most adults view homeownership as a hallmark of the American Dream. But the main barrier for younger generations is affordability, which has been made worse by soaring inflation. The market is especially challenging for the first-time homebuyer, whose initial issue is often coming up with the capital for a down payment. Homeownership remains a key benchmark for younger Americans, yet many encounter numerous hurdles immediately upon entering the market. Some need help from their parents to meet basic down payments to qualify for a mortgage, while all enter right into a housing market where inventory is

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Last updated : 20 July 2022 clock 04:40 PM

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Why homeownership is becoming incredibly tough for young people ...Middle East

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