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Millennial Homeowners Outpace Millennial Renters for the First Time

Pro Builder

Though millennials still trail behind older generations like baby boomers, who account for roughly 32 million homeowner households, seven million millennials became homeowners in the last five years, bringing the total to about 18 million. had the lowest share, just 19 percent, followed by San Jose, Calif., Salinas, Calif.,

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Homeownership Wealth Gains for Second Quarter of 2020

Pro Builder

Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. In the bottom 20% income percentile, a home accounts for 99% of total assets, compared to 42% for families in the top 10% income bracket. Clara; San Francisco-Oakland-Hayward; Anaheim-Sta. cbroderick. Financials.

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Gen Zers Are Entering the Housing Market. But Where Are They Going?

Pro Builder

Gen-Z buyers were least attracted to costly metro areas like San Francisco, New York, and San Jose, Calif., where the youngest homebuying generation accounted for 7.76%, 8.88%, and 9.7% Their home searches centered mostly on affordable markets such as Salt Lake City, where 22.6% at 22.4%, and Birmingham, Ala.,

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As Mortgage Rates Rise, the Share of Million-Dollar Homes Is Falling

Pro Builder

As Mortgage Rates Rise, the Share of Million-Dollar Homes Is Falling ldeakins Tue, 03/07/2023 - 10:25 Million-dollar homes account for a smaller share of the real estate market than they did one year ago as elevated mortgage rates force sellers to slash their asking prices After soaring to 8.6% Oakland, California, where 44.8%

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15 Most Unaffordable Metros for Construction Workers

Pro Builder

The top four unaffordable metros are located in California with San Jose being the most unaffordable. . Not only were the median wage of construction workers and median home prices compared, but the report considered the fact that construction workers cannot work remotely, they must commute to the jobsite.

Metro 52
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How Did First-Time Buyers Fare Last Quarter?

Pro Builder

Despite low, low housing inventory and rising home prices, first-time buyers accounted for 31% of home sales in the fourth quarter of 2020. On the other end, Los Angeles, San Diego, San Jose, San Francisco, and Sacramento remained the most pricey metros. How Did First-Time Buyers Fare Last Quarter? cbroderick.

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City Momentum Index Identifies The World’s 20 Most Dynamic Cities

Buisness Facilities Contributed Content

San Francisco. Technology-rich cities that took early advantage of technology trends and provide fertile environments for innovation: San Francisco (1), Austin (7), San Jose (9), Boston (17) and Seattle (18). GLOBAL TOP 20. Hong Kong. Los Angeles.