It turns out all the good news about Gen Z buying homes in pursuit of the American dream has turned sour and they’re now in pursuit of a front door exit.

A new study by Real Estate website Open Door finds that more than 90% of Gen Z first-time home sellers and 86% of millennial first-time home sellers dumped their properties due to regrets on buying the home. And those sellers are not planning to buy anything soon to replace their biggest investment.

A Fox TV report from St. Petersburg in Florida found that younger people are moving on from their first homes quicker than other demographics. Florida realtor Jack Cleary explains:

“Now, younger people are using it as a stepping stone,” he said. “High home prices, student debt, plus inflation. It just means that younger buyers can’t go for that forever home that they used to be able to afford maybe at a different time in life in the past,” he said.

The main reason for this shift? Not surprising.

Younger buyers often underestimate the cost of a home’s maintenance or repairs. Inflation and interest rates can add to that.

The survey also found that the majority of first-time home sellers aren’t planning to buy right away, either. Instead, they’ll live with friends or family, rent or wait for better conditions. If only. If only…

Read the whole thing from Fox TV here.