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
All about that space: Meghan Trainor lists Encino mansion for $18M
Hidden Hills new build asking $22M finds buyer
On the Couch with Christopher John Rogers
Landlords, tenants clash in court over parking-to-ADU conversions across LA
Fashion Nova Founder Richard Saghian Just Bought a Manhattan Penthouse for $31 Million
SoCal homebuying slump slams inland, coastal counties at different rates
Progressive vs. establishment agenda? LA real estate awaits election results
Rudolph Schindler’s Lovell Beach House Just Listed for $18.8M
Walton Goggins’s Home in ‘Fallout’ Can Be Yours for $4.3 Million
SCAD alumni transform 18th-century staircase into colourful installation during Design Miami Paris
"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