Why Millennial And Gen Z Buyers Are Struggling

Real Estate
Right now, it is difficult for people to purchase a house. Prices are very high, inventory remains at record low levels, and this is contributing to bidding wars. Even though everyone is having a hard time finding a house, Millennials and Gen Z buyers are struggling more than other people. What are some of the biggest hurdles that these buyers need to overcome?  A Lack Of Familiarity One of the first problems that Millennials and Gen Z buyers have to overcome is a tremendous lack of familiarity with the housing market. Many people that fall into this category are buying…
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The Younger Generation is Looking To Buy Houses

Real Estate
The current housing demand is unparalleled and because of this demand, home prices are skyrocketing. Nonetheless, people continue to shop for homes. Low interest rates and high demand combined with supply chain issues are stunting the homebuilding industry, creating a perfect storm for an unprecedented housing market. In addition, there are many millennials who are looking for homes right now as well. Why is this the case? Interest Rates Are At Record Lows One of the biggest reasons why so many younger people are looking to buy a home is that low-interest rates make them more affordable. As a result, people…
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