Errica Jamil moved seven times in about as many years, earning her free or reduced rent. Now she owns a home of her own.
Home prices are high and incomes aren't keeping up. Some first-time buyers receive loans or gifts from a family member or friend to help with their down payment.
But analysts say the dip is likely to be temporary.
Fannie Mae says including loan applicant's rental payment history could help correct past housing inequities.
It's bad news for federal officials who are trying to convince more homeowners that they need flood protection.
Homes in most white neighborhoods are worth an average of $250,000 more than those in mostly Black and Latinx neighborhoods.
Student loan debt, high housing prices and career setbacks from the Great Recession hurt millennials' ability to build wealth.
The Fannie Mae and Freddie Mac-backed "adverse market fee" drops on Sept. 1.
In cities like Baltimore and Philadelphia, the number of homes in the early stages of foreclosure is higher than it was before the financial crisis.
Property developers around the world are capitalizing on "Generation Rent."