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Why US millennials find it harder to buy a home than their parents did

Younger generation hit by a double whammy: lack of both inventory and affordability

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A loans agency says "even when interest rates are low, if prices rise too fast, buyers will be kept out of the market".

Washington

LAWRENCE Yun, chief economist of the National Association of Realtors (NAR) in Washington, has a natural inclination to promote the health of the housing market, since NAR members depend on home sales to make a living. So when he warns about affordability issues causing a