Millennials are increasingly losing hope in the possibility of homeownership, as the current housing market presents numerous challenges. With high mortgage rates and soaring housing costs, both buyers and sellers are struggling. The limited inventory only worsens the situation, leading to inflated home prices. According to a recent survey by real estate brokerage Redfin, one in five millennials believe they will never be able to buy a home. This generation has faced financial setbacks in the past, such as entering the job market during the Great Recession, which has discouraged them from considering homeownership as a secure investment. As a result, they have delayed purchasing their first homes and often rely on cash gifts or inheritances from family members to afford down payments. The pandemic provided a brief opportunity for some millennials to take advantage of record low mortgage rates and enter the housing market. However, not everyone was financially prepared or ready to make such a commitment. Now, with 30-year fixed mortgage rates hovering above 7%, homeownership seems impossible for many. In contrast, Generation Z is more optimistic about their prospects due to a favorable labor market. Despite the resilient job market in the face of high interest rates, the overall job growth has been relatively slow. This has left millennials feeling pessimistic about their missed opportunities, while Gen Z remains hopeful about their ability to save and eventually buy a home.