Buying a home
Buying a home
There's a bitter irony in the housing slump. On the one hand, low home prices and mortgage rates make this an ideal time for many first-time buyers to get a good deal.

On the other, credit standards are tighter and many young people -- especially those with lots of student, credit card, and auto debt -- find it hard to qualify for loans.

And after seeing others get hit hard by the Great Recession, many young people are disenchanted with the idea of home ownership altogether. Homeownership rates for young adults have recently fallen, after increasing steadily from the 1990's until the early 2000's.

In 2010, 44% of people ages 25 to 34 owned a home, down from 50% in 2004.



Text by Annalyn Censky, Charts by Liz Starin @CNNMoney - Last updated December 13 2011: 5:49 AM ET
Join the Conversation
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.