Over the last few years, a lot has been written about the death of the starter home and difficulty that millennials have purchasing new homes. The Los Angeles Times' Don Lee has joined the mix with a story addressing many of the common issues--builders producing more expensive homes than entry-level buyers can afford, household formation occurring later in life for many people, and high levels of student debt.
Despite those obstacles, Lee says millennials still want to buy:
Experts who have studied the buying patterns of young adults say their absence from the home-buying market does not mean a lack of interest. Although the housing bust in the last decade made almost everyone more wary about owning real estate, surveys suggest that aspirations for homeownership among young adults today are similar to prior generations, said Jonathan Smoke, chief economist at Realtor.com.