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Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024

Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024

by Phil Hall | Mar 24, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homeownership rates of Gen Z and millennials plateaued in 2024, according to a new data report from Redfin (NASDAQ: RDFN). A little more than one-quarter (26.1%) of Gen Zers were homeowners in 2024, essentially unchanged from 2023 (26.3%) and 2022 (26.2%). Before...
40% of New Mortgages Went to Buyers Under 35

40% of New Mortgages Went to Buyers Under 35

by Phil Hall | May 20, 2024 | Current News & Events, Mortgage Information, 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...
NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market

NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market

by Phil Hall | Apr 3, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Millennials and baby boomers are the dominant forces in the U.S. housing market, according to the National Association of Realtors’ (NAR) newly published “2024 Home Buyers and Sellers Generational Trends Report.” Millennial buyers accounted for 38% of buyers, the...
Redfin: Black Millennials Half as Likely to Own Homes as Whites

Redfin: Black Millennials Half as Likely to Own Homes as Whites

by Phil Hall | Mar 5, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One-third (33%) of Black millennials own their home, compared to two-thirds (65%) of White millennials, according to a new data analysis by Redfin (NASDAQ:RDFN). This represents the largest disparity gap in homeownership among any generation. Redfin determined that...
Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns

Survey Finds Most Millennials and Gen Zers Never Move From Their Hometowns

by Phil Hall | Dec 21, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The majority of millennials and Gen Zers did not grow up to move away from their hometowns, according to new data from LendingTree (NASDAQ:TREE). In a survey of 2,000 U.S. millennials and Gen Zers, 57% of respondents said they still live in their hometowns, while...
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