By Jann Swanson | Mortgage Daily News
The U.S. housing recovery should regain its footing, but also faces a number of challenges. Tight credit, still elevated unemployment, and mounting student loan debt among young Americans are responsible for moderating growth and keeping millennials and other first-time homebuyers out of the market according to the latest edition of The State of the Nation’s Housing released today by the Harvard Joint Center for Housing Studies.
“The housing recovery is following the path of the broader economy,” says Chris Herbert, the Center’s research director. “As long as the economy remains on the path of slow, but steady improvement, housing should follow suit.”
