The pandemic could be Millennials’ “best chance to buy a house.” With mortgage rates at “historically” low levels and home prices continuing to be lowered in many major cities, the next few years could be a “once-in-a-lifetime” opportunity for those with stable income to buy. Experts predict that if the economy continues to struggle, prices “could come crashing down.” For a generation that has struggled to reach this milestone, it could be an opportunity—if they can afford it in the downturn. But house shopping could also look very different post-pandemic, with in-person viewings less common. (Vice)
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