Buying a home used to be an American rite of passage now it's not quite as common, largely because it's become prohibitively expensive. In 1960, approximately 68 out of 100 Americans could afford.
The housing market exploded during the peak of the pandemic. Following the big boom, some analysts predicted a housing market crash. Hopeful home owners were, in certain cases, looking forward to such.
With housing prices for pre-built homes still inflated in most markets, and housing inventory down to 46% of the historical average since 1999, according to Forbes, you may be struggling to find your.
In what may come as a surprise, there are more Gen Z homeowners than millennial and Gen X Americans when they were the same age. In fact, a recent Redfin report found that Gen Zers are tracking ahead.
Home prices are starting to rise slightly, after months of seeing a gradual drop. Experts say there is still a lack of housing inventory, which will keep home prices stagnant, or even increasing..