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Considering that figure, many younger people have been priced out of the housing market.

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There are tens of thousands of jobs that are going away.

According to data compiled by theU.S.

Heres What To Do About It

If you cant afford a home, Orman recommended just renting.

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Its okay to just rent, she said.

With insurance and things like that, it just might be too expensive.

Nationally, new monthly mortgage payments outpace rental prices by 35%, real estate firmCBREfound.

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Its better to have something than nothing, she said.

If you cant afford a home, alright, at least start saving for the future.

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