Episode 17: Gen Z homeowners and the housing crisis
Description
Home prices near record highs. Insurance premiums skyrocketing. First-time buyers squeezed out. So… is this 2008 all over again—or something different?
We’re breaking down the state of the housing market: what’s really driving costs, why affordability is at a crisis point, and what Gen Z buyers are up against.
Why Should We Care About Housing?
🏡 National home resale median hit $435,300 in June—while sales fell 2.7% month-over-month
📈 Household income needed to buy a typical home: ~$117,000 (up 50% in just five years)
💰 A 20% down payment now eats up ~73% of median household income
📉 First-time buyers are only ~24% of purchasers
🌊 Only 14% of Black Gen Z own homes vs. 30% of White Gen Z
💬 What In Your World? We want to hear from you:
- Do you think Gen Z will ever match Boomer homeownership rates?
- Would you buy in a cheaper city just to own—or wait it out?
- If you’re renting, what’s your biggest barrier to buying?
📢 Don’t forget to follow What In The World? for your weekly fun take on serious news:
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#housing #realestate #homeownership #genz #economy #whatintheworld
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