Economy Watch: Will Millennials Continue to Rent?

Perhaps the main new reality is that homeownership isn’t as easy to attain as it has been during most of the decades after World War II. For a lot of people, the money isn’t there, because the American economy simply doesn’t offer as many well-paying jobs as it used to. Less fundamentally—and probably easier to change—is the current strictness of lenders, which also slows buying and selling down. It’s only been a decade since loose lending inflated the housing bubble, after all.