Young Adults Turn to Renting as Homeownership Slips Out of Reach
Rising home prices, limited inventory and higher mortgage rates are pushing more young people into long-term renting, while a Midwestern city tests a scheme to lure out-of-state buyers.
Rising home prices, limited inventory and higher mortgage rates are pushing more young people into long-term renting, while a Midwestern city tests a scheme to lure out-of-state buyers.
Why it matters
Housing affordability affects millions of young Americans and influences broader economic stability.
In this story
forever rentershousing affordabilitymortgage rateshome pricesout-of-state buyersMidwest programhousing marketyoung adultshomeownership