Housing Trends

Millennials Make Historic Switch From Renter-Majority to Homeowner-Majority Generation

By: Alexandra Both With 52% of Millennials owning a home, the largest generation in the nation transitioned from renter-majority to owner-majority in 2022. The number of Millennial homeowners increased by 7 million in the last five years, more than triple the number added by Gen X, who came in second. Millennials remained the dominant renter generation, with 17.2...

23. 3. 29 ECONOMIC UPDATE – New Home Sales Rise

Overview: Over the past week, the troubles in the banking sector did not spread, making investors more willing to shift back to riskier assets, which was negative for mortgage markets. The economic data released this week had little impact and rates finished higher. With each day that passes without significant new problems at any additional banks, investor concerns ease. This...