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MicroWave OP ,
@MicroWave@lemmy.world avatar

Huh? If you want to talk data, this is directly from your article:

Substantially fewer of those born between 1981 and 1996 are homeowners today than Gen X and baby boomers were at the same age. Housing affordability is taking a toll on all generations, but the lack of entry-level homes and the dearth of new builds are particularly impacting millennials.

According to the Census Bureau’s Current Population Survey, homeownership rates for millennials sat at 51.5% in 2022, compared to 56.5% for baby boomers in 1990 and 58.2% for Gen X in 2006.

From the end of 2019 to the end of 2022, the median sales price of new houses sold in the U.S. has ballooned over 42% to $457,800. Concurrently, 30-year fixed mortgage interest rates rose from 3.74% to 6.42% largely in response to the Federal Reserve hiking the federal funds rate to fight inflation.

This jump in both the price of new homes and cost of taking out a mortgage have made the last six months one of the most unaffordable times to buy a home since 2006, according to the Atlanta Fed’s Home Ownership Affordability Monitor.

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