Young people are facing an uphill battle: The housing market.
There are rising home prices, low supply, and high interest rates. While a booming economy means less unemployment, the real estate market and temperment of potential home buyers hasn’t caught up.
We’re seeing more young people living at home with parents, investing in multigenerational homes, and relying on rental properties by choice or financial realities.
Student loan debt and higher rent prices in desirable living areas leaves little wiggle room for young people to add to their savings.
Today on All Sides, we take a look at how young people are faring in the housing market and how their real estate choices impact our economy.
Guests:
- Jessica Lautz, research director, National Association of Realtors
- Rob Vogt, real estate analyst based in Columbus
- Todd Helpbringer, president, Helpbringer Mortgage Services
- Emi Adachi-Fox, Heitman senior VP, investment research in North America