When Jennie Luhmann started searching for her family's "forever home," she found herself in a perfect storm — few properties were available, buyers were making all-cash offers and interest rates were climbing.
Outbid by others and pressured by soaring mortgage rates, Luhmann and her husband decided to rent, before temporarily moving into her mother's house.
The 37-year-old is not alone.
Homeownership feels increasingly out of reach for younger generations of Americans, who are squeezed by student debt and childcare costs in an era of slower economic growth.
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