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The Plan Collection Notes Interest Among Young Buyers Who Cannot Afford to Buy
Research indicates 25 to 34-year-olds experience largest homeownership decline from 2006 to 2011   According to a recent USA Today Census Bureau data analysis, between 2006 and 2011, young adults between the ages of 25 to 34 years felt the biggest decline in home ownership rates in the United States. The reason? Not surprising … unemployment, student loan debt and little inventory for affordable housing are preventing young people from being able to become home owners. And because of their debts, they are finding it difficult to qualify for a mortgage or come up with a down payment to buy a house, let alone build a new home. This means that this age group is continuing to either live with family or rent.   It is Read more
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Published On : 07-25-2013
Author :Brian Toolan
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Published On : 04-27-2015
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