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

The US residential real estate market is so hot the heat is keeping young buyers away from the housing sector.

Now, with young homebuyers historically tasked with being the nation’s “starter home” buyers, the paradigm has shifted as millennials and Generation Z are on the outside looking in on new home purchases.

Nearly half (48%) of Gen Z (those born between 1997 and 2012) and 44% of millennials (born between 1981 and 1996) say they are less likely to buy a home given the state of the housing market over the last two years . That’s compared to 30% of baby boomers and 38% of people overall, according to a new study by Money and Morning Consult,

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