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  • Newsweek International

    Millennials Are Shifting the Housing Market

    Mar 15, 2024 4 minutes

    FOR A LARGE NUMBER OF MILLEN-nials, the generation born between 1981 and 1996, the time to buy a home has never been quite right.

    Older millennials were not yet 30 when the financial crisis of 2007-2008 upended the housing market and the U.S. economy, causing the worst downturn in the country since the Great Recession. When younger millennials came of age to buy a home, the housing market was booming, driven by high demand and low inventory, with prices reaching heights that were unaffordable to many.

    Despite adverse economic conditions, and tired of waiting for the perfect moment, many got on the property ladder anyway—and their late arrival has shaken up the housing market, according to experts.

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