Today’s News Synopsis:
Baby boomers account for 42% of all home buyers, while millennials fall to 29% (down from 38% from one year ago).
In The News:
NAR – “Baby Boomers Regain Top Spot as Largest Share of Home Buyers“ (04-01-25)
“Half of older boomers and 40% of younger boomers are purchasing homes entirely with cash.“
Redfin – “New York and the Midwest Dominate Redfin’s Hottest Neighborhoods of 2025” (03-27-2025)
“Brooklyn’s Prospect Heights and Clinton Hill top Redfin’s 2025 list of hot neighborhoods, after posting a 105% spike in home sales from a year ago.”
CNBC – “‘White House considering roughly 20% tariff on most imports, report says” (04-01-25)
“White House aides have drafted a proposal that would levy tariffs of roughly 20% on most imports, The Washington Post reported Tuesday.”
CNET – “Think a Recession Will Make Mortgages and Home Prices Cheaper? Not Quite” (04-02-25)
“Economic uncertainty seems to be the only certainty these days. Inflation might be cooling, but rising tariffs, stock market dips, and global conflict are keeping everyone on edge. ”
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