US Housing Affordability Hits Generational Low
A survey cited by Yahoo Finance finds that nearly 90% of Americans under 40 believe buying a home today is harder than for their parents, as elevated prices, high mortgage rates, rising insurance costs, and limited supply keep affordability near multi-decade lows.
Housing affordability in the United States has sunk to a generational low, according to a survey referenced by Yahoo Finance. Nearly 90% of Americans under the age of 40 say purchasing a home today is more difficult than it was for their parents' generation.
The persistent squeeze stems from a combination of elevated home prices, elevated mortgage rates, rising insurance costs, and constrained housing supply. These factors have kept affordability near multi-decade lows, making homeownership increasingly out of reach for younger buyers.
Source: First Squawk