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Maryland Governor Wes Moore addresses the declining homeownership among young adults due to rising housing costs.
Maryland Governor Wes Moore highlights the challenges young adults face in achieving homeownership due to soaring housing costs.
Median home prices have risen much faster than incomes since 1980, causing the homeownership rate for 35-44 year-olds to drop by over 10%.
This trend hinders wealth building through home equity.
Suggested policy changes include educational opportunities, down payment assistance, and reducing regulatory barriers to housing production.
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El gobernador de Maryland Wes Moore aborda el declive de la propiedad de viviendas entre los jóvenes adultos debido al aumento de los costos de vivienda.