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Chicago Agent Magazine: Bad News for Millennial Homeownership — Young American Wages Are Plummeting

By Peter Thomas Ricci

“The last few months, we’ve reported consistently that the big problem facing housing (as well as the greater economy) is that of stagnant wages, and that until wages grow at the same rate of costs – think healthcare, student loans and even inflation – it will be mighty tricky for more people to enter the homeownership fray. That truism, though, is particularly relevant in the most unfortunate of places – young adults, the group that represents the next great source of housing demand.” Read more here.