Why home purchasing has slowed for older millennials



Economic uncertainty has dealt a heavy blow to the housing market. A Bank of America survey found over 50% of millennials view homeownership as more important nowadays than in previous generations. However, older millennials specifically are battling housing headwinds preventing them to successfully buy property.
Yahoo Finance’s Dani Romero examines the pressing issues facing millennials seeking homeownership, including soaring student loan debt, rising credit card delinquencies, and other mounting costs like child care.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Published: 2023-12-05