Daily Market Updates: The Generational Housing Divide: Millennials Had It Better Than Baby Boomers

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The Generational Housing Divide: Millennials Had It Better Than Baby Boomers–Until the Pandemic Changed the Math

Reported · Written up by our desk · Residential

Timing made a big difference for millennials. Those who bought a home before 2022 locked in historically low mortgage rates. But those who bought after rates and prices surged spent about 35% of their income on housing–and many other millennials were priced out entirely. Baby boomers had a brutal start, with double-digit mortgage rates in […] The post The Generational Housing Divide: Millennials Had It Better Than Baby Boomers–Until the Pandemic Changed the Math appeared first on Redfin Real Estate News .

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Redfin NewsThe Generational Housing Divide: Millennials Had It Better Than Baby Boomers–Until the Pandemic Changed the Math

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The Generational Housing Divide: Millennials Had It Better Than Baby Boomers–Until the Pandemic Changed the Math

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