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40% of New Mortgages Went to Buyers Under 35

40% of New Mortgages Went to Buyers Under 35

by Phil Hall | May 20, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under the age of 35, according to new data from Redfin (NASDAQ:RDFN). During 2013, more than one-quarter (26.5%) of buyers were between the ages of 35 and 44, while those between 45 and 54 accounted...
Hits and Misses for the Real Estate Week of Feb. 5-9

Hits and Misses for the Real Estate Week of Feb. 5-9

by Phil Hall | Feb 9, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An XXL-large listing price, Janet Yellen’s not-calming words and an unlikely exodus of Gen Zers into California. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 5-9. Hit: Will History Be Made in Florida? The most...

Why Are So Many Gen Zers Moving to California?

by Phil Hall | Feb 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There has been no shortage of news and talk regarding outbound migration from California, but a new Zillow (NASDAQ:Z, ZG) analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) has found Gen Z interstate movers are flocking to the Golden...
Younger Buyers Expressing Greater Interest in ‘House Hacking’

Younger Buyers Expressing Greater Interest in ‘House Hacking’

by Phil Hall | Nov 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is a growing trend among younger homebuyers – the pursuit of a property that enables them to engage in “house hacking,” a new phrase for renting out part or all of the residence for extra cash. According to a new survey by Zillow Group (NASDAQ:Z, ZG), most...
Study: 58% of Gen Z Consumers Live with Family Members

Study: 58% of Gen Z Consumers Live with Family Members

by Phil Hall | Jul 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The majority of American adults are living in households with one or more people, according to a new study published by LendingClub Corp. (NYSE: LC) in partnership with PYMNTS. In a poll of 4,602 adults conducted last month, 86% of respondents said they were living...
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