A new survey from NeighborWorks America has found that homeownership feels out of reach for a majority of long-term renters, especially for baby boomers. According to the survey, three-in-five long-term...
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Golden Years, on the Move: Retirees Could Drive 2024 Migration Trends
HireAHelper, an online moving company connecting users with credentialed services and movers, stated in a new blog post covering 2023 and making predictions for 2024 found that 338,000 seniors (baby...
Read More »Affordability, Inventory Still Weighing on Gen Z
...rate for millennials rose to 54.8% from 52%, and the homeownership rate for Gen X rose to 72% from 70.5%. Baby Boomers saw little housing movement (78.8% in 2023 to...
Read More »Empty-Nest Baby Boomers Own the Largest Share of Big Homes
According to a new Redfin report, empty-nest (households headed by baby boomers with 1-2 adults living in the home) baby boomers own nearly 3 in 10 (28.2%) large U.S. homes....
Read More »Homeownership Key to Baby Boomer Wealth Levels
...estate holdings are to thank for such robust savings among Americans in the 60-78 age demographic, according to experts. “One of the primary reasons baby boomers’ wealth ballooned over the...
Read More »Overcoming Homebuying Hurdles
...online—including homes—but the same cannot be said for baby boomers, as just 60% of boomers pooled would buy a home sight unseen. Millennials polled said they could be convinced to...
Read More »Will Housing Affordability Improve in 2024?
...Baby boomers and Millennials represent two enormous generations, and both are very active in the housing market. Baby boomers are hardly exiting the market as they age, a departure from...
Read More »To Rent or Buy: The State of Renter Sentiment
...reported that they previously owned a home. Approximately 71% of baby boomers renters owned a home previously, and their top reason for renting was lower maintenance and repair responsibilities. Overall,...
Read More »Homeowners Prioritized Maintenance, Home Improvement Spending in 2023
...combined. This stands in contrast to the Baby Boomers and Silent Generation, who spend less on home improvement in all categories combined than other generations. This year, the top three...
Read More »Younger Generations Facing the Negative Impacts of Homeownership
...worsened the generational homeownership divide. Unlike Baby Boomers who can afford to buy in cash, Millennials and Gen-Z buyers need financing. That’s been harder to get with mortgage rates at...
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