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Today in Mortgages we discuss which generation is paying the most for housing. Across the board everything was less expensive for older generations from home prices to college to household goods. A surprise is that it cost less household income-wise for the younger generation. Millennials are paying 23% of their household income for housing verses 33% of the medium household income in 1980. But today’s younger generations are also paying for way more conveniences like streaming services and grocery deliveries that didn’t exist in the past. One of the biggest issues for today’s buyers is lack of inventory. Proving that home buying has always been a challenge. 

Tune in to this episode to gain a deeper understanding of the current market dynamics and discover how you can better support your clients in achieving their homeownership dreams. Whether you’re a seasoned professional or new to the industry, this discussion offers valuable insights to help you navigate today’s real estate landscape.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.