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Boomers are winning again. 😭
While Millennials & Gen Z get crushed by 6%+ rates, U.S. median home sales price just soared +$31,800 in 2 months, the biggest jump in 4 years. May alone: +$8,400 to $424,900.
Houses sitting on Boomer balance sheets for decades, locked in sub 3% mortgages, refusing to sell. Low inventory = artificial scarcity = record gains for the owners, pain for everyone else.
What is even the move here for anyone priced out?