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Baby boomers and their cash are driving the housing market right now

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Baby boomers and their cash are driving the housing market right now
Sverige Senaste nytt,Sverige Rubriker

As other buyers shy away from high mortgage interest rates, older generations with plenty of home equity are doing just fine — and giving their children a leg up, too.

To a large degree, it's all-cash buyers. These individuals are able to sidestep mortgage rates entirely and purchase a home outright at cost.the share of all-cash purchases had increased to one-third of the entire U.S. housing market, the highest level since 2014.

Marr added that the homeownership rate of Generation Z adults has already surpassed the rate of Generation X “It’s not like most people are emptying their checking accounts,” Sturtevant said. “They’re rolling over their housing wealth."

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Sverige Senaste nytt, Sverige Rubriker

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