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homeowenrship

Housing Market

Millennials and Gen Z Drive Majority of Mortgages in 2023

A new report from Redfin shows Millennials and Gen Z taking out the majority of mortgages in 2023, with 39.7% of the year’s total mortgages issued to buyers under 35 years of age and 26.5% going to buyers 35-44.

May 20, 2024

The Income Needed to Buy a Home Has Jumped 80% Since 2020

A new Zillow report shows today’s homebuyers need to earn more than $106,000 a year to afford a typical U.S. home—up $47,000 or 80% from January 2020. The median household income has grown only 23% during that time.

March 4, 2024

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homeowenrship

Millennials and Gen Z Drive Majority of Mortgages in 2023

The Income Needed to Buy a Home Has Jumped 80% Since 2020

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