The American dream signifies that anyone can achieve economic success, yet as homeownership becomes less attainable, the wealth gap between generations widens, undermining this ideal.
Data shows that homebuyers are getting older, with the median age rising to 56, and first-time homebuyers now averaging 38, indicating a troubling trend in accessibility.
A staggering one in three home purchases is made with cash, highlighting a significant advantage for existing owners leveraging equity, leaving first-time buyers at a disadvantage.
As mortgage payments hit historic highs and prices continue to climb, the dream of homeownership for younger generations is increasingly out of reach, threatening economic mobility.
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