With more young Americans getting saddled with debt and finding themselves unable to save money, a number of industry experts says the future of the housing market is facing financial uncertainty.
The financial stability of children if Baby Boomers - known as Generation X - were the focus of a recent study conducted by the Bipartisan Policy Center. It was noted that a decline in median household income could be a major obstacle for this generation when they try to become homeowners in the future.
"Since 2000, however, the real median household income has hovered between $68,000 and $71,000, ending the decade just below $68,000 - approximately equal to the 1998 median household income in real dollars," the report said.
Additional evidence of potential future hardship in the real estate industry can also be linked to rising rental trends and more Americans under the age of 30 living at home. Meanwhile, property data shows that increases in these areas have resulted in surging rental prices, while a recent influx of immigration could cause multifamily housing prices to spike past reasonable levels of affordability.