Mothers & Their Millennials: Where Working-Age Millennials Are Still Living With Mom
More than one-in-five of the nation’s 24-to-34-year-olds won’t have far to travel on Mother’s Day this Sunday. Almost 10 million working-age millennials nationwide live with their moms, according to a Zillow analysis of American Community Survey data.[1]
Continued deterioration in U.S. housing affordability – particularly at the low end of the market and for renters – is bringing to light a number of problems around income growth and social mobility that may have big implications for all Americans going forward.
Social Mobility May Suffer as Income Growth Fails to Keep Pace With Rising Housing Costs
The United States has long cherished its hard-earned reputation as the land of opportunity. But for millions working to ensure their children can move up the socio-economic ladder, rapidly rising housing costs are threatening instead to kick the ladder out from underneath them, limiting their potential social mobility.
How Land-Use Regulation Impacts Inventory, Rents and Roommates
In many American cities, more means more – and not in a particularly good way. Tighter land-use regulation in these cities is associated with more rapidly rising rents, more acute shortages of homes for sale and more adults living with roommates in the face of rising housing costs and fewer housing options.
South Lake Union’s Tech Boom a Small Part of Seattle’s Rising Rents
Seattle’s South Lake Union neighborhood has become synonymous with the city’s rapidly evolving economic and social landscape. The neighborhood has attracted major employers, and cranes crowd the skyline of the former industrial district wedged between the city’s downtown and iconic Space Needle.
A Penny Saved: How High Rent Burdens Impact Savings Rates
Paying less in rent is no guarantee that a household will save more of their income. But paying more sure makes saving difficult.
Why Getting a Mortgage Is Getting Harder for Borderline Borrowers (And Why It May Get Worse)
For the first time since 2012, getting a mortgage today is harder than it was a year ago, largely because lenders are raising the bar on what they think is a minimally acceptable credit score.
As Fed Raises Interest Rates, Homebuyers’ Plans May Bend, But Not Break
Americans are broadly aware of these looming interest rate hikes, and they are certainly giving some would-be home buyers pause. For a few key demographic groups – including current renters and younger would-be buyers – rising interest rates could lead to changes in their home buying plans. But overall, a modest increase in mortgage interest rates is unlikely to completely de-rail most buyers’ plans.
Not a Stretch: Retirement Savings, Living Expenses & Cheap Housing
Looking to stretch your retirement savings? If you're willing to live frugally and in a city with inexpensive housing, you may be able to retire at age 40.
