Will Future Generations Be Able To Afford A Home?Posted by Shawn Clayton on
The dream of owning a home has been a quintessential part of the American Dream for generations. However, with rising home prices, stagnant wages, and student loan debt, many wonder if future generations will be able to afford a home. In this blog post, we will explore this question and discuss the potential barriers that future homebuyers may face.
The current state of the housing market is a significant contributor to the affordability issue. Home prices have been steadily increasing, making it harder for first-time homebuyers to enter the market. According to Zillow, the median home value in the United States is $295,000, a 7.5% increase from the previous year. This increase in home prices is outpacing wage growth, making it difficult for many to save…
234 Views, 0 Comments