In 2023, Redfin found that Gen Zers were tracking ahead of where their parents were at the same age, but their homeownership rates still trailed behind compared to those of previous generations.
Read More »Homeowners ‘Hoarding’ Limited Housing Supply, Hampering Potential Buyers
“This holiday season, homeowners are the ‘grinches,’ hoarding housing supply from willing buyers and keeping upward pressure on prices," said Mark Fleming, Chief Economist at First American. But the question remains: Will the New Year offer discouraged homebuyers more hope?
Read More »Share of Hispanic Households Projected to Surge by 2040
Despite elevated interest rates and rising home prices that have intensified affordability issues for Hispanic homebuyers, by 2040, an estimated 70% of new homeowners will be Hispanic. Learn what else this new study from the Urban Institute reveals.
Read More »More People Looking For Homes Outside of their Metro Area
“Greater growth in cross-market activity in the Northeast has elevated the out-of-market shopping share from roughly on par with the Midwest and South in 2020 to a clear second place in 2023,” said Jiayi Xu, an economist for Realtor.com.
Read More »In a Tough Buyer’s Market, Ownership is Still Rising
It was another quarter in which homeownership rose in the U.S. And that was largely because millennials and Hispanics are in the market according to a study.
Read More »What Can Change Homeownership Rates?
According to a new study, there are several factors that will dictate the homeownership rates of tomorrow. But will those help or hurt?
Read More »Do Demographics Play a Role in the Current Homeownership Rates?
After half a decade from the bottom of the housing bust, the U.S. homeownership rate still remains stuck at a current 50-year low and a look at the demographics of those Americans that do own homes today, and those that do not, and compares the data to that of past decades may be useful in understanding this phenomenon.
Read More »Income-Cost Mismatch Affects Affordability
What can be done to increase affordability for severely "cost-burdened" homeowners as the national homeownership rate falls further?
Read More »Homeownership Rate Will Continue Decline Into 2030, Study Estimates
Overall, from 2010 to 2030, UI estimates there will be four million more renters than homeowners while the homeownership rate falls from 65.1 percent down to 61.3 percent during that 20-year period. In that time, 22 million new households will need homes to rent or buy; UI estimates that 13 million of those will rent while nine million will buy.
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