Housing

The Fed says student loans are smothering the housing market

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Buying a house is a terrible investment. That said, a new paper from the Federal Reserve posits the reason young people are buying less than in generations past is not that they're smarter and savvier, but that they are more indebted.

What they're saying: "We estimate that roughly 20 percent of the decline in homeownership among young adults can be attributed to their increased student loan debts since 2005."

Report: Trump's DOJ weighs cutting of anti-discrimination regulations

Trump looks taken aback.
Photo: Saul Loeb/AFP/Getty Images

The Justice Department is weighing a rollback of civil rights regulations designed to protect against discrimination, The Washington Post reports.

Driving the news: An internal DOJ memo directed senior civil rights officials to determine if it would be possible to change or remove "disparate impact" regulations from the 1964 Civil Rights Act, which deem actions as discriminatory even if discrimination was not intended. The Education Department and the Department of Housing and Urban Development are considering similar action, per WashPost.

Go deeper: Report finds protections for minority voters have plunged since 2013

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