0:00 Gen Z and Millenials Going Back to Renting
9:08 Shocking new Redfin Data
16:19 First time homebuyers feeling more optimistic
19:50 People are borrowing more than ever against their homes
Sometimes the only way people learn things is the hard way. In this case when it comes to homeownership, many new buyers who purchased over the past few years are realizing just how expensive it is to become a homeowner. And the timing is terrible because it is now more expensive to be a homeowner than ever before and renting can be considerably cheaper in most parts of the country. So much that current homeowners are selling their homes and going back to renting.