More people in China want to buy houses again, according to a first quarter survey released Monday by the People’s Bank of China.
Despite high inflation making many things — including houses — more expensive, most millennials who plan to buy a home are simply adjusting their approach.
Homebuyers seeking cost relief are willing to relocate to Sun Belt cities, where homes are generally more affordable.
With homeownership costs rising, more people are searching for homes away from big U.S. cities like Los Angeles or New York.
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