LA, OC lead nation in lowest number of young homebuyers: ApartmentList
The affordability crisis is hitting younger buyers in Southern California harder than anywhere else in the country. Roughly one in 10 adults ages 25 to 34 own homes in the Los Angeles metro area, representing the lowest share among major U.S. metros, the Los Angeles Daily News reported, citing a new study from ApartmentList based on Census Bureau data. The report confirms that soaring home prices, elevated mortgage rates and stubborn inflation are pushing would-be buyers out of ownership and deeper into the rental market. The Los Angeles-Orange County metro posted a young adult homeownership rate of 10.5 percent, with […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
A Zappa Family Estate in Malibu Lists for $28.5 Million—Plus 4 More Luxury Homes for Sale
Johnny Buss buys Palisades development site for $7M after Lakers sale shakes LA
Why Buy One House When $1.4M Gets You Three Whidbey Island Cottages?
Weezer’s Scott Shriner Lists His Los Angeles Home for $3 Million
This Unusual Building on King Charles’s Sandringham Estate Is Now an Overnight Retreat for Two
How Elizabeth Taylor’s Bel Air Home Was Spared from Demolition
East Hollywood to get 76-unit affordable project in place of 4 single-family homes
Saatva’s Luxury Mattresses Are 20 Percent Off Exclusively for ELLE Decor Readers
Ritz-Carlton Marina Del Rey scores permits for facelift
Inside Elvis Presley’s Legendary Property Portfolio
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA