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The forever-renter generation: housing's affordability gap and one city's answer

8/2/2026

Young Americans are increasingly concluding that homeownership is not within reach.

Correspondent Jo Ling Kent examined the state of the housing market for a broadcast that aired April 12, 2026, finding a generation settling into what many call permanent renting alongside a Midwestern city running a program to recruit buyers from outside its borders.

The case for staying a renter (involuntarily) Rates have risen. Supply has stayed tight, and incomes have not kept pace with home prices.

Each condition alone is difficult; together they close the door on buyers who lack existing equity.

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