Older home buyers are edging out millennials, thanks to high mortgage rates and home prices.
Baby boomers edged out millennial home buyers, according to a new report, thanks to high mortgage rates and home prices.
Millennials, aged 24 to 42 had been the biggest group of buyers since 2014 nationally, the NAR said, but their share has fallen to 28% last year from 43% in 2021. Childcare expenses was the biggest factor holding back buyers. Some 36% of all buyers said that this was the biggest obstacle. That was followed by healthcare costs and credit-card debt.
— Jessica Lautz, deputy chief economist and vice president of research at the NAR Generation Z, the youngest of the lot aged 18 to 23, have caught up in the past year. Their share of home buying rose to 4% in 2022 from 2% in 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Olympian MyKayla Skinner Is Expecting Her First BabyThe 2020 vault silver medalist and her husband, Jonas Harmer, shared the news with an adorable confetti-filled photo. See the announcement here.
Read more »
Nicolas Cage Shares Update on Baby Daughter and Sings Her First SongNicolas Cage isn't shy about his love for his and Riko Shibata's 6-month-old daughter, August.
Read more »
Rebel Wilson shares sweet photo of her baby daughter’s ‘first ever swim’“Roycie’s first ever swim in the ocean,” Wilson captioned the adorable snap.
Read more »
The hunt for black holes older than the universe itselfFifty years ago, Bernard Carr wrote in New Scientist about the mounting evidence for black holes. Now, evidence for these objects is incontrovertible, and Carr is back writing for us – this time about black holes older than the universe
Read more »
SF just broke temperature record older than Ferry BldgMonday morning's frigid temperatures continued an historically wet, wintry weather stretch in the city, even after spring has already sprung.
Read more »
Older Women Who Date Younger Men Are More SatisfiedRelationships with an age gap where the woman is older are frequently scorned in society, but new research from JustinLehmiller shows both the women and men in these couples might be happier than average.
Read more »