"Gen Z and Millennials have largely come of age in a period of high housing costs and volatile mortgage rates, yet they are more likely than older generations to believe conditions will hold steady or even improve. That optimism could be a powerful driver of housing demand in the years ahead, as younger buyers remain motivated to enter the market despite ongoing affordability challenges."
"Opinions on interest rates were nearly evenly split across generations with 33% believing they will improve in the coming months, 34% expecting them to remain the same and 33% thinking they'll get worse. Baby boomers were most likely to anticipate improvement at 40%, while Gen X (30%), Millennials (32%) and Gen Z (31%) were less confident. On the housing market, 40% of all respondents expect little change over the next year."
Generational responses to economic and housing prospects differ markedly, with younger cohorts expressing greater optimism. Gen Z and Millennials, having experienced high housing costs and volatile mortgage rates, are more likely than older generations to expect conditions to hold steady or improve. Interest rate expectations are evenly split across generations, with roughly one-third expecting improvement, stability, or deterioration; baby boomers show the greatest optimism about rates. Overall, 40% of respondents expect little change in the housing market over the next year, while younger generations are more likely to hold neutral or positive views, and Gen Z is least likely to predict deterioration.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]