The housing market is stalled, and the reason why is pretty simple: young adults aren't all that interested in buying houses. It's not hard to see why. Americans who are currently between 25 and 34 spent their formative years watching housing prices soar, then abruptly collapse, taking the entire global economy with them. Among those Millennials who haven't already purchased and lost an underwater home...who wants to buy a starter condo after that?
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I'm sure it has nothing to do with then not being able to afford it either....
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