First-time home buyer barriers seem to be mounting for a variety of reasons. Find out the favorite cities to live by generation, and if you have a gas range or stove, you also need to know about these stories in today’s top Real Estate and Home Improvement News Fix.
Planet News
Gas ranges leak methane when they are off, according to a January 2022 Stanford University study.
And during cooking, concentrations of carbon monoxide and nitrogen dioxide can exceed national air quality standards according to a 2020 report by UCLA Fielding School of Public Health. In short, high level of indoor nitrogen dioxide is related to an increased rate of asthma in kids.’
Real Estate News
The share of first-time home buyers is decreasing. In 2009, first-time buyers were about 45 percent of the home buying market. And now they are about 27 percent, according to National Association of Realtors.
Why? Low inventory, plus the association’s chief economist Lawrence Yun cites the rise in home sales to investors, from 15% in January 2021 to 22% in January 2022. Plus, 27 percent of sales are cash, up from 19 percent a year earlier.
Did You Know?
Millennials’ favorite city to live in is Austin, Gen Xers prefer Miami, and Boomers rank Pittsburgh as their top choice, according to Knock.com
Do you agree with the top picks?
