Quote Of The Week: Young People, Minorities Left Behind In Housing Rebound

young-couple-unpacking-shutterstock_338701448“As prices rise, homes are slipping further out of reach for younger and minority buyers.”

Laura Kusisto, The Wall Street Journal, December 15, 2016, “U.S. Home Prices Soar, But Minorities and Young People Miss Out”

The Takeaway: Home prices are up, and that’s good news for most people. But younger people and minorities are increasingly shut out of the market as “starter” home prices keep rising. What’s behind the problem? Fewer new homes are being built, skilled construction help is still in short supply, and mortgages have been difficult to get.

 

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

,

No comments yet.

Leave a Reply