Predicts a continued decline in the affordability of home ownership, with the average home price continuing to be significantly higher relative to income, and the average age of first-time homebuyers increasing beyond 38.
"On one income, it's possible to start a family and to own property. And back when our parents were starting out, for example, the average home cost about three times the average income. Today, it's closer to seven times. The average age of a first-time home buyer was in the 20s. Now, it's 38."