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Matt Vernon remains positive on the housing market, despite many challenging headwinds
Older homeowners are staying put, and younger would-be buyers are strapped for cash. Do young would-be homebuyers face insurmountable challenges?
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The housing market is out of whack. Mortgage rates and housing unaffordability have hit multidecade highs, and low inventory has made matters more difficult for would-be buyers across the board.
It may be little surprise, then, that sales of existing homes and new builds are cooling. Older homeowners are staying put, and younger would-be buyers are strapped for cash.
Despite…
