Wall Street

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

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The Street

By Brian O’Connell Sky-high home prices are driving younger buyers out of the market. The U.S. 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 t…

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