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Fortune
Fortune
Will Daniel, Sydney Lake

It’s official: The housing market is turning millennials into their parents. A Fortune 500 economist says it’s a deja vu market that is replaying the 1980s

Boomer, millennial (Credit: Getty Images)

It might be time for millennials to let go of the “okay, boomer” mentality considering they’re reliving their parents’ 1980s housing journey. 

Although current mortgage rates—which hit 8% this week—mimic the early 2000s, the overall housing market is actually more reminiscent of the 1980s, according to a new report by the chief economist for the Fortune 500 financial services company First American. 

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