Millennials are defying warnings about the housing market with a ‘buy now, pray later’ attitude, but boomers could block them
NeutralFinancial Markets

Recent data reveals that millennials are taking the lead in loan applications, particularly in areas with higher paychecks. This trend comes despite warnings from experts about the risks associated with adjustable-rate mortgages (ARMs) and refinancing options. The situation is further complicated by a supply squeeze driven by baby boomers, which could hinder millennials' ability to secure homes. Understanding this dynamic is crucial as it highlights the challenges younger generations face in the housing market.
— Curated by the World Pulse Now AI Editorial System