Since when have “recent college graduates” had realistic expectations of buying a house? Pay off the (average) $26K in debt during the first five years of post-college employment, establish yourself on a career path, and only then think about buying a house, like every other generation since World War II.
Really, what does a kid at 23-28 need with a 2000+ sq ft house when they make less than 60K, no savings, college debt, and just bought a new car?