Older Americans Own More Real Estate Wealth Than Ever
Real Estate
For the first time on record, the oldest Americans hold a larger share of real estate wealth than middle-aged Americans, according to a new report by Redfin, as those aged between 40 and 54 are losing ground to older generations. Homeownership, once a key part of the American dream, has slipped out of reach for many young Americans over the past few years, as home prices have skyrocketed amid high demand and low supply, with borrowing costs having doubled during the pandemic. Data from the
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