Young buyers are embracing homeownership
A new report found that in 2022, 30% of Gen Z Americans owned a home at age 25, making them a prime source of buyer (and seller) leads.
April 22, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Homebuying is tough in the U.S. — Canada can relateOur neighbors to the north are also grappling with high prices and low inventory, but "sanity is slowly returning to the housing market."April 21, 2023
- Mortgage interest rates jump, ending 5 weeks of declinesShifting market expectations have 30-year mortgage rates on the rise again, hitting 6.39% this week.April 20, 2023
- Compass gaining new teams after high-profile departuresAs the market slowed down, some top teams left Compass for greener pastures, but the company continues to grow its agent count and woo new and former teams.April 19, 2023
- Homeownership builds wealth, but not all groups benefit equallyA recent NAR report found that while homeowners have generated significant wealth via appreciation, gains were uneven across income levels and ethnic groups.April 18, 2023
- Sellers are feeling confident this springEven as the market has slowed, sellers are optimistic that they can get a good deal on their sale.April 17, 2023
- Lack of access to small mortgages can stymie homeownershipBuyers seeking small mortgages have been increasingly shut out of traditional lending channels, leaving them with riskier options.April 16, 2023
- Can California solve its worsening affordability crisis?High prices are nothing new in the Golden State, but an increasingly small fraction of residents can afford a home. Is a turnaround in sight?April 15, 2023
- Investor home sales could boost overall inventoryA survey by Bright MLS found that investor properties accounted for more listings this spring, possibly due to fears of a looming recession.April 13, 2023
- Mortgage rates decline for a fifth week; applications riseThe 30-year fixed-rate mortgage dropped slightly to 6.27%. Rates in the 6% range may no longer be phasing buyers — particularly repeat buyers.April 13, 2023
- New auction marketplace puts a twist on how agents get paidReal estate consultant Rob Hahn is introducing a marketplace auction website that allows homeowners to sell without paying commissions.April 12, 2023
- Hot or not: Where the market is going this summer and beyondWith inventory low and interest rates elevated, economists don’t expect to see activity pick up until later in the year.April 10, 2023
- Office-to-housing conversions are on the riseTransforming underutilized office space to living space can create needed housing inventory, but it's not always easy. Some cities are trying to change that.April 9, 2023
- Spring inventory: ‘Buyers can’t buy if sellers don’t want to sell’Even as falling interest rates have opened the door for more buyers, not enough sellers are listing, keeping inventory stubbornly low.April 8, 2023
- Interest rates keep dropping, but low inventory puts damper on springMortgage applications have slowed even though rates fell for the fourth straight week, with the 30-year fixed-rate mortgage hitting 6.28%.April 6, 2023
- Home features that can fetch your sellers a better priceZillow's latest analysis of listing descriptions found that certain keywords were correlated with higher sale prices and faster sales.April 5, 2023
- MLS collaboration aims to be leading source of housing dataREdistribute, led by powerhouses Bright MLS and CRMLS, has launched with the goal of monetizing MLS data and sharing revenue back to participants.April 5, 2023
- No mass movement: Americans are staying putApart from an early-pandemic spike in moves, mobility has continued to decline for decades, particularly among young renters.April 3, 2023
- Home flippers were busy in 2022, but profits sankThe number of homes flipped last year reached a two-decade high, but average gross margins declined, and market conditions may deter flippers in 2023.April 2, 2023
- Mortgage rates continue 3-week declineSince peaking in November, rates have been up and down — and up and down. Economists say it's hard to predict what's next, but buyers may want to act now.March 30, 2023
