Young people trying to buy a home The challenges of buying a home. (Source: Shutterstock)

Despite a strong U.S. economy, homeownership is beyond reach of many households because of rising housing costs, other debts, poor credit or the lack of savings for a down payment.

Young people and minorities are most likely to report obstacles, according to the survey released Monday by the National Foundation for Credit Counseling.

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Jim DuPlessis

A journalist for decades.