Gen-Z Struggling to Afford Housing Payments
Seven in 10 Gen Z and Millennial renters struggle to afford their regular housing payments, as do 41 percent of homeowners in that age group, according to a new report from Redfin.
Seven in 10 Gen Z and Millennial renters struggle to afford their regular housing payments, as do 41 percent of homeowners in that age group, according to a new report from Redfin.
With costs continuing to rise, prospective homebuyers are making sacrifices to achieve homeownership.
Affordability concerns are everywhere in the nation’s many real estate markets, and it seems to be propelling younger homebuyers to find new ways to make the math work when purchasing a new house.
An analysis of Census Bureau data shows that 45 percent of Millennials in Greater Boston now own homes, but separate studies released in recent days suggest that the remaining 55 percent of area Millennials face a steeper path to ownership than their peers.
Born out of frustration for an ineffectual and archaic system, Torii has reimagined the entire way people buy homes from top to bottom, search to close. Torii has created home buying for a new generation of buyers.