Student debt and a weak job market seemed to conspire to keep this generation stuck in their parents’ basements, if not permanently locked out of the housing market. As a result, the housing market is booming for those with cash to spare — but not for millennials looking to own their first home. And with mortgage rates beginning to creep up, millennials who have to wait to buy could miss out on historically low rates. Entry-level housing, the homes millennials can most afford, has been particularly scarce. In the Dallas area, where Warren is looking to buy, barely a one-month supply of those homes are for sale.

Source: Washington Post February 23, 2017 23:37 UTC