Young Americans are hitting more and more homeownership roadblocks: crippling student debt, escalating home prices, surging mortgage rates and a scarcity of listings. Yet they've gone on a buying binge!
First-time buyers accounted for 46 percent of new mortgages in the first quarter, the biggest quarterly share in data going back to 2012. Meanwhile, the National Association of Realtors puts the median age of first-timers in the U.S. at 32.
It appears that young people, helped by easier credit and an improving job market, are acting fast as rents rise...
