From a recent Realtor.com® survey, 75% of Americans view homeownership as part of the American dream, with 59% believing it’s achievable. Millennials (69%) and Gen Z (70%) still hold homeownership as a life goal despite affordability challenges.
According to Redfin’s latest report, the total value of U.S. homes surged by $3.1 trillion, reaching a record $49.6 trillion, with four new metros joining the “Trillion Dollar Club,” doubling the number to eight.
A Redfin-commissioned survey finds housing affordability is the number one voting priority for Gen Z in this year’s presidential election.
According to a new report by Point2, the number of millionaire U.S. homeowners—as well as the number of millionaire homeowner households—have more than quadrupled from 2017 to 2022.
According to a new Redfin report, roughly half of all Americans are struggling to afford housing payments, with 1 in 5 making big sacrifices to cover the costs—including skipping meals, working extra hours, and delaying medical care.
New Zillow research shows boomer homeowners and those living in less expensive metros are least deterred by the lock-in effect of high interest rates, with Pittsburgh boomer homeowners leading the way.
A new Redfin report shows homeowner tenure has doubled since 2005, mainly due to older Americans aging in place. But tenure still falls short of the 2020 peak.
A new report from Redfin on homeownership shows empty nester boomers own twice as many large U.S. homes as millennials with children. As more of these empty nesters decide to downsize, agents have a unique opportunity to match-make.
Lance Lambert, founder of ResiClub, appeared on last week’s Knowledge Brokers Podcast to discuss, among other things, the ‘silver tsunami’ theme in real estate and Meredith Whitney’s projections on housing supply in 2024.
A recent study by StorageCafe finds more than a fifth of Americans, led by Gen X, use self-storage, with the primary reason being a lack of sufficient space at home.
In the race to homeownership, Gen Z gained a slight edge over their parents’ generation. A new Redfin report shows 30% of Gen Z reached homeownership by age 25 in 2022, compared to 27% of Gen X, 28% of millennials, and 32% of baby boomers at that age.
According to a LendingTree report, millennials make up the majority of potential home buyers in 37 of the 50 largest U.S. metros. Here are the most popular metros for millennial home buyers.
For daily real estate news, business and marketing.
