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Wednesday, February 1, 2023

American Nightmare: It Costs How Much More to Buy a Home?

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The U.S. residential actual property market is so sizzling the warmth is conserving younger consumers away from the housing sector.

Now, with younger homebuyers traditionally tasked with being the nation’s “starter home” consumers, the paradigm has shifted as millennials and Generation Z are on the surface trying in on new residence purchases.

Nearly half (48%) of Gen Z (these born between 1997 and 2012) and 44% of millennials (born between 1981 and 1996) say they’re much less doubtless to purchase a house given the state of the housing market over the past two years. That’s in comparison with 30% of child boomers and 38% of individuals total, in accordance with a brand new research by Money and Morning Consult,

Source: www.thestreet.com

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