Paulina Cachero

Rising costs have many young Americans wondering if buying a home is still a smart financial move today.

The fast-rising costs of owning a home have some young Americans questioning whether buying a house is still a good investment.

By Paulina Cachero Bloomberg The fast-rising costs of owning a home have some young Americans questioning whether buying a house is still a good investment.

The fast-rising costs of owning a home have some young Americans questioning whether buying a house is still a good investment.

Miami's cost of living has surpassed New York's, making the Florida move less appealing for high earners seeking savings

For well-paid professionals grinding it out in Manhattan, the math used to be simple: Real estate, taxes, schools and almost everything else were cheaper in sunny Florida.

Less than a quarter of Americans aged 18 to 39 say buying a home is a very good investment, compared with 38% of those over 60 years old, a recent survey by the Pew Research Center found.

Manhattan rents surged to the highest level on record in July as a historic collapse in available listings collided with the summer apartment hunt rush.

The supply for entry-level condos, those priced at $1,800 or less, is projected to plunge 74%, according to the report.