Is the housing bust over? You would think so since the media hasn't talked about it in several years. But if you look at the homeownership rate, the housing bust appears to be bigger than ever.

While homewonership rates in all age ranges are dropping, it is especially pronounced in the younger generation.

Since the housing bust started nearly a decade ago, 7 million households have gone through foreclosure.
Meanwhile the country has added 10 million renting households.

With rentals more and more affordable, young people are more often living with their parents.

Sky-high student debt rates are a key factor.