Boomers vs. Millennials: The Housing Market Tug-of-War Intensifies as Rates Skyrocket
Los Angeles, CA – The housing market is currently witnessing a generational divide between baby boomers and millennials, with contrasting trends in homeownership and housing preferences. Baby boomers, who make up a significant portion of homeowners, are notably mortgage-free, with over half of them owning their homes outright. This financial advantage allows them to resist moving, especially with mortgage rates reaching historic highs in recent times. On the other hand, millennials are facing a challenging …