One in five millennials and Gen Zers don't think they will ever buy a house, citing financial factors like student debt and high interest rates.
That’s the sentiment from young people according to a new survey from Redfin, a real estate firm and website. Almost 1 of every 5 millennials and Gen Zers who replied to a recent housing survey believe they will never own a home.
Lack of affordability is the No. 1 barrier to homeownership for young Americans, according to the report. About half of Gen Z and millennial renters who believe they’re unlikely to purchase a home in the near future say the high price of homes on the market is blocking them from buying.
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