If you're under the age of 35, you're probably a renter. Just 36 percent of Americans younger than 35 now own a home -- the lowest level since 1982.

That data is coming in from the Census Bureau, but it's not for lack of desire.    

A Fannie Mae survey shows 90 percent of Millennials prefer owning over renting.

A variety of factors are keeping them from making that leap, including student loan debt, tight lending standards, and stiff competition against other buyers.

It's tough for many young people to come up with a 20 percent down payment, especially since they haven't hit their highest-earning years yet.

Home prices in general have been going up.

But according to Fannie Mae, mortgage standards are loosening at least a little.

Lenders are also starting to approve buyers with slightly lower credit scores and less of a down payment.