Tag Archives: gen zers

As mortgage rates remain historically high and the nation’s housing supply low, LendingTree has found that many homeowners are opting to tackle home improvement tasks, with nearly 70% having started or completed various projects over the past year.

Potential first-time homebuyers looking to shift from renting to homeownership in 2023 are facing mortgage rates that are nearly 4 percentage points higher than the low point in Q4 2020, limiting their purchasing power. In a new analysis, First American Economist Ksenia Potapov revealed the costs of renting against the costs of owning a home.

“The worsening housing affordability crisis has an outsized impact on Gen Zers and millennials because they’re much less likely to own a home than older generations,” said Redfin Chief Economist Daryl Fairweather.

The high-priced housing market is affecting homebuyer sentiment nationwide, as a new survey from LendingTree revealed more than 50% of Americans fear they will never be able to own a home.

The Q2 2023 TransUnion Credit Industry Insights Report reveals the latest credit trends as lenders have begun to tighten underwriting. Some 50% of Gen Zers surveyed say they plan to apply for new credit or refinance existing credit within the next year.

According to a new survey from Arrived, Americans are seeking financial security and stability from homeownership, but many remain hindered by unaffordability. Nearly 80% of Gen Zers report home prices are their biggest barrier to entering the housing market and purchasing a home.

While millennials prevail as the largest generation in U.S. history, a new study from First American revealed some 51% of them are homeowners. At age 41, the millennial homeownership rate is 62%, closely following Gen X at 64%, significantly narrowing the homeownership gap over the past decade.

A new Redfin survey examined the question of how displays of various flags, ranging from the American flag to LQBTQ+ pride flags, impacted potential homebuyers’ likelihood to purchase a home in a given area. Here are the results.

A new report from Zillow has found that younger generations still believe owning a home is part of the American dream but believe they might need to win the lottery in order to achieve that dream.

For many, when it rains, it pours, and many new and young adults got dealt a bad hand at the outset of the pandemic, when lockdowns eliminated many ...