Corcoran Group CEO says Gen Z's housing market struggles is exactly what boomers faced 30 years ago
Corcoran Group CEO Pamela Liebman argues that Gen Z's current housing market struggles are comparable to those faced by previous generations in the 1980s. She suggests that while entry-level housing remains difficult to find, today's youth have more geographic options and professional opportunities than their predecessors.
Why it matters
This perspective challenges the narrative of generational economic exceptionalism by providing a historical comparison of real estate market accessibility.
Gen Z and young millennials face the prospect of renting with their parents for the foreseeable future, as getting onto the property market feels increasingly impossible . However, The Corcoran Group CEO Pamela Liebman, who has weathered 40 years in real estate, says today’s struggles are no more extraordinary than those faced by other generations.
Liebman has worked her way up Corcoran Group’s ranks since joining as an agent in 1984 at just 23 years old. During that time, she has witnessed major crashes and numerous market shifts. And she says it was just as hard getting that first home now as it was 30 years ago. That’s in New York, at least.
“It is just as tough,” Liebman exclusively tells Fortune . “Back then, it was more difficult in some ways because you had less neighborhoods that people would live.”
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