Monday, July 26

Buying A Home

Buying A Home, Buying a house, Economy, gen z, Houses, Housing, Housing Affordability, housing boom, Housing Crisis, housing inventory, Markets, Millennials, Real Estate

Over half of young adults plan to use their pandemic savings on buying a home, which could worsen the housing crisis

59% of young adults plan to use their pandemic savings on a down payment for a house, per Zillow. A wealthier group of millennials was able to tuck away discretionary spending as savings last year. They drove the 2020 housing boom, which soon morphed into an inventory crisis. LoadingSomething is loading. ...