With the cost of tuition, loan delinquencies and student debt all on the rise, millennials aren’t able to enter the housing market at the same age as their predecessors, which is having a ripple effect throughout the market and could have long-lasting consequences.
A report from the International Institute of Finance (IIF), shows people under the age of 30 can’t afford to become homebuyers, which are negatively impacting housing prices and could disrupt the slow-burning economic recovery.