Significantly impacting the U.S. housing market despite facing economic challenges like the 2007-2008 financial crisis and a booming market has made homes less affordable. Those entering into homeownership are driving up demand and prices, a trend expected to continue due to delayed life milestones such as marriage and childbearing. This unique position is causing a shift in market dynamics, with older millennials increasing the average age of first-time homebuyers. Additionally, their preference for homeownership over renting, even at higher costs, and the undersupply of housing contribute to unusual buying behaviors. The future may see efforts to accommodate this demand, potentially stabilizing the market, homebuyers face ongoing challenges with affordability and the prospect of a future housing bubble due to demographic shifts. In today's stream, we will discuss the shift in the housing market and answer your real estate questions.

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LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.