For years, millennials looked at owning a home as a distant fantasy. Student debt and a weak job market seemed to conspire to keep this generation stuck in their parents’ basements, if not permanently locked out of the housing market.
But as millennials find better-paying jobs, start families and begin searching for their first homes, they’re encountering an unfortunate reality: Just as they’re finally ready to buy, the housing market has the fewest homes available for sale on record.
"For Millennials Ready to Buy a Home, the Pickings Are Slim" is from the February 23, 2017 Real Estate section of The Washington Post. It was written by Kathy Orton and narrated by Jenny Hoops.