Younger and middle-income buyers getting squeezed out, economists and real-estate agents find
By Laura Kusisto and Anna Louie Sussman | The Wall Street Journal
The housing market is on track to have its best year since 2007, but two reports released on Monday underscored that weak patches remain.
Sales of existing homes fell in October after a September surge, as rising home prices and a lack of inventory challenged potential buyers. Meanwhile, more children are living with their parents than during the 2007-09 recession, an indicator that young adults aren’t striking out on their own despite substantial improvement in the economy.
