Tag: Housing Market Trends
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Gen Z Rising: Younger Buyers’ Strategies in the Housing Market
Twentysomethings acquiring deeds? It’s a thing. But in this market, how are Gen Zers pulling it off? According to the National Association of REALTORS®, Gen Z now holds 3% of U.S. home deeds. And the numbers also suggest that many young buyers had to be awfully scrappy to get these deeds.
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Who Wins With Rate Cuts? First-Time Home Buyers, or Wall Street Investors?
Hopeful home buyers have waited for the Feds to cut interest rates forever. Well, it feels like forever. In September 2024, Federal Reserve Chair Jerome Powell finally did it. It was the first time the Federal Reserve lowered banks’ interest rates since the stimulus days of 2020. Anticipating a better economy, mortgage rates are starting…
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Risky Business? Minnesota Home Buyers Skip the Mortgage, Preferring Contracts for Deed
Land contract financing, a.k.a. the contract for deed, is a go-to method of home buying in Minnesota — especially in urban neighborhoods. These contracts allow homeowners to sell directly to buyers, bypassing the scrutiny of a mortgage lender. Each year, thousands of Minnesota buyers use them to finance their home purchases. Federal lawmakers across the…
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Is Buying a Home a Path to Financial Freedom? (Is the Answer Changing?)
For most U.S. deed holders, a home is at the core of their retirement wealth. So, does that make buying a home a path to financial independence? It certainly can be, although the calculus is changing.
