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Gen Z, Millennials Are More Optimistic About Buying a Home [Video]

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Younger Americans are feeling a little bit better about their odds of buying a house in the next few months — but they’re still not as optimistic as they were at the height of the pandemic stimulus.

The latest household spending survey from the Federal Reserve Bank of New York found that, on the whole, Americans seem to be warming to the idea of inflation dying down. Household spending fell to 5% in December 2023 from 5.5% in August 2023 — although it’s still well above pre-pandemic spending levels — and Americans also expect to spend less this year.

While some Americans eye large purchases, younger people seem particularly ready to buy houses and apartments: Their anticipated chances of buying property over the next four months rose to just over 12% in December from 8.5% in August.

That comes after a slight downtick in actual home purchases in the four months prior to December 2023. Just 7% of Americans under the age of …

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