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Stock impact report

'It's Not That Expensive': Real Estate CEO Says Gen Z's Housing Struggles Aren't Special — 'It Is Just As Tough' As It Was For Boomers [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
For Gen Z and younger millennials, buying a home can feel nearly impossible. With mortgage rates hovering at 6.35% and the median U.S. home price over $415,000, according to the National Association of Realtors , many are opting to rent longer — or live with family — to save money. But one longtime real estate leader says today's young adults aren't facing anything new. Pamela Liebman , CEO of The Corcoran Group , told Fortune that the challenges Gen Z faces mirror what baby boomers experienced decades ago. "It is just as tough," she said. "Back then, it was more difficult in some ways because you had less neighborhoods that people would live." Don't Miss: Earn While You Scroll: The Deloitte-Ranked #1 Software Company Growing 32,481% Is Opening Its $0.50/Share Round to Accredited Investors. Forget Flipping Houses — This $36 Trillion Asset Class Lets You Invest Without Owning Property Boomers Faced Their Own Housing Hurdles Liebman, who began her career in real estate in 1 Show less Read more
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