Reported 2 days ago
A recent report reveals that baby boomers are purchasing 42% of U.S. homes, overshadowing millennials, who account for just 29%. This shift, driven by high prices, low inventory, and rising interest rates, is making it increasingly difficult for younger generations to enter the housing market. Many retirees are buying homes outright with cash, further reducing opportunities for first-time homebuyers. The trend is expected to continue unless housing affordability improves.
Source: YAHOO