NPR reports a new study links generational wealth to a widening gap in homeownership as first-time buyers stay older and more often pay cash.
According to NPR, first-time homebuyers continue to be scarce, yet a record share of those who do purchase are paying entirely in cash. The outlet reported that a new report finds generational wealth is widening the divide between homebuyers and those who are priced out. NPR also noted that the median age of first-time buyers remains at a record high.
Source: NPR.
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