Young adults put buying a home on backburner
With many struggling, market rebound at risk
Interest rates have hit historic lows and home prices have fallen, making real estate a buyers’ market. But one important segment of potential buyers is not ready to sign on the dotted line: young adults. The number of 25-to-34 year-olds owning homes has fallen sharply in recent years as a mix of economic factors and changing attitudes make young adults less willing and able to buy homes. Ultimately, analysts said, the strength of the housing recovery could depend on this age group.