It wasn’t that long ago—2021 and early 2022, to be exact—that homes in the United States were selling in weeks or even days instead of months. In 2022, even though 26 percent of U.S. adults were millennials, more than half of mortgage applications came from that age group, according to CoreLogic, representing a majority of first-time buyers.
The relative speed at which homes were sold during that period has also led to some substantial buyer’s remorse.
