Millennials vs Boomers: Housing Market Standoff
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Millennials, the largest group of parents in the U.S., are struggling to buy family-sized homes, with only 16% of three-or-more-bedroom homes owned by this generation. Meanwhile, baby boomer empty nesters hold nearly 30% of these homes. High mortgage rates, sky-high prices, and low inventory are keeping both generations from moving. While some millennials in affordable cities like Austin or Columbus are buying up to 19% of bigger homes, those in pricey areas like Los Angeles or San Jose are down to 10% or less. Economists predict this standoff will continue until supply increases.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/23894c5a5922158a