For generations, the typical path to homeownership was fairly straightforward: Save for a down payment, buy a starter home close to where you work and gradually build equity before moving up to something bigger. For some younger buyers, that sequence is changing.
As home prices and borrowing costs make purchasing in many U.S. markets difficult, some would-be homeowners are looking thousands of miles away for their first property. Instead of waiting until they can afford a $400,000 or $500,000 home domestically, they might continue renting in the U.S. while purchasing a smaller property overseas.
