Typical millennial and Gen X homeowners with a mortgage have roughly similar levels of equity in their homes, even though Gen X homeowners are older and have had a longer window to own a home and build equity in it.
Demographic Headwinds Only Modest Weight on Renter Turnover
An older renter population, the growth in single-family rentals and rent affordability do not appear to be primary factors in the decline of mobility among renters. A more important driver could be the growth of renting in markets where turnover has historically been lower.
Empty Nest Households Are on the Rise
Pricey markets and those with weak labor markets have high concentrations of empty nests. Low densities of empty nests are found in booming cities with strong job markets, new family-oriented areas, and retirement communities.
Young and Old, America’s Wealthy Are Concentrated in America’s Capital
The nation’s highest concentration of young and wealthy residents can be found in fabulous… Arlington, Virginia.
