Millennials tiptoe toward better chance for homeownership
by Laurent Belsie
Mar 13, 2024
4 minutes
Michael Alas is thinking about buying his first home. It depends, in part, on whether he lands a job that he’s interviewed for. It would mean more money and a move – from rural Mississippi where he works as a college recruiter to the state capital, Jackson.
“I never thought I’d even consider this,” he says. But “I realize it is more of a possibility than it was last year and the year before and the year before that.”
Like a lot of millennials, the 30-something Mr. Alas is slower than people in prior generations to pursue this piece of the American dream. Nevertheless, hopes are on the rise that an extraordinarily tough housing market is finally about to ease.
Mortgage rates are
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