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.