According to Realtor.com, the Minneapolis-St. Paul inventory was down and the median housing price was the same as in February 2018. Prices have been dropping significantly in places like Dallas, Atlanta and Austin, as well.
This is partly due to a slowing economy and modest wage growth. But young people also are entering their homebuying years more cautiously than their predecessors.
What does it mean that millennials — people in their early 20s to late 30s — are entering adulthood with what the Federal Reserve called "lower earnings, fewer assets and less wealth"?
Jarim Person Lynn, founder of Brass Knuckle Finance and author of an upcoming book: "Trap House — How to Buy a Home Without Getting Trapped"
Bola Sokunbi, money expert and founding CEO of Clever Girl Finance
To listen to the full conversation you can use the audio player above.