1051 ET - Millennials are the only generation with a greater interest in buying a home in the next six months compared to last September, according to Realtor.com. Millennials' buying intention grew to 23% this year compared to last September's 15%, although most Americans--69%--aren't planning to engage in a real estate transaction in the next six months. High mortgage rates continue to impact the market. Younger generations are particularly affected, with over half of Millennials and Gen Z stating they've postponed their purchase. Gen Z appears to be the most cautious and wary of high mortgage rates, showing an increased inclination toward renting. A majority--57%--across all generations have used personal savings to finance their home purchase, while 15% have accessed personal investments or retirement accounts. (chris.wack@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 10:51 ET (14:51 GMT)
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