Millennials are Caught in the Two Recession Trap: Millennials Continue to be Punished by the Great Recession and now the Great Pandemic.
Covid-19 continues to unleash economic havoc across the world. The financial destruction being caused by the pandemic is shattering already fragile household budgets. In the deep levels of this fog, Millennials continue to face extra layers of pressure from this crisis. This has come in the form of massive levels of student debt, a higher […]
5 charts highlighting the epic housing crisis for Millennials – one third of young adults living at home with parents.
Millennials are starting to realize that living at home may be a longer-term proposition. Moving back home is being motivated by heavy levels of student debt and jobs that simply pay a lower wage. These trends run directly into the current reality that rental prices are soaring and home values are once again near peak […]
Miami condo market acting as if it is 2007: Condo market in Miami is saturated with units and inventory is growing.
There is a major leading indicator in the housing market and that involves inventory and sales. These two economic points can signal trouble ahead. And we saw this trend unfold in the last housing crisis when over euphoric builders chased bubbles across the country. The sad part is that most Americans are too broke to […]
Housing affordability shows that most Americans are too broke to buy a home: The American Dream moves further out of reach.
More Americans are finding it harder to afford a home. In fact, a closely followed housing affordability index is now back to where it was in 2008. Not exactly a prime time for buying homes. Most Americans are too broke to afford a home. Which is somewhat contrary to the narrative that is pumped out […]