Buying a Home Early Can Significantly Increase Future Wealth
According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60.
The good news is, our younger generations are strong believers in homeownership.
According to a Freddie Mac survey,
“The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials.
Our survey…finds that Gen Z views homeownership as an important goal. They estimate that they will attain this goal by the time they turn 30 years old, three years younger than the current median homebuying age (33).”
If these aspiring homeowners purchase at an early age, the Urban Institute study shows the impact it can have.
Based on this data, those who purchased their first homes when they were younger than 25 had an average of $10,000 left on their mortgage at age 60. The 50% of buyers who purchased in their mid-20s and early-30s had close to $50,000 left, but traditionally purchased more expensive homes.
Although the vast majority of Gen Zers want to own a home and are somewhat confident in their future, “In terms of financial awareness, 65% of Gen Z respondents report that they are not confident in their knowledge of the mortgage process.”
Bottom Line
As the numbers show, you’re not alone. If you want to buy this year but you’re not sure where to start the process, let’s get together to help you understand the best steps to take from here.
Forget Tariffs! There’s a New Crisis Impacting Rate Cuts
The Fed held rates at 4.25–4.5%, ignoring Trump’s calls for aggressive cuts. Trump imposed steep tariffs, triggering fears of price hikes on goods and vehicles.
How to Know if a Home Fits Your Lifestyle?
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
Are Buyers Really Optimistic About Housing?
Over half of U.S. buyers feel the market is better than last year, showing cautious optimism. Seventy-five percent of buyers are waiting for lower prices and interest rates before purchasing homes.
Why You Should Move to Utah
Suburbs of Salt Lake City are booming with new homes. Low unemployment and tech sector growth fuel migration. Affordable pricing compared to West Coast states. Access to skiing, hiking, and national parks. Ideal for families seeking active, balanced lifestyles.
Is Utah Real Estate Finally Cooling Down?
Utah Real Estate prices remain high, but the pace of growth has clearly slowed in recent months. Median monthly mortgage payments in Utah have dropped, improving affordability for first-time homebuyers. Listings are up across Utah, giving buyers more options and...
Utah 2025: Buyers Gain From Balance
Rising listings in Salt Lake suburbs support choice and negotiation. Family-oriented neighborhoods showing long-term value potential.
Where are the most new homes being built in the U.S.? In Utah?
Utah ranks 4th nationally for new home builds, authorizing 18.6 new units per 1,000 existing homes in 2024. Despite a nearly 25% drop in new home authorizations since 2022, Utah's median home price remains high at $535,217. The Salt Lake City-Murray area ranked...
Utah ranks No. 4 for most new homes being built in the US
Utah ranks fourth in the U.S. for new home builds, authorizing 18.6 new units per 1,000 existing homes in 2024. Despite a nearly 25% drop in new home authorizations since 2022, Utah maintains one of the highest median home prices at $535,217. The Salt Lake City-Murray...
Global Vacation Rental Market Grows 5% CAGR by 2033
Global vacation rental market to grow from $92.61B in 2025 to $136.83B by 2033. 5% CAGR driven by tech, personalization, remote work trends, and flexible travel preferences.
The price has reduced for this Listing, check it out Listing Address: 614 W ANDERSON Murray, UT 84123
New Carpet! 4 Bedroom 2 Bath updated Murray home. Granite counters, multiple gathering spaces, hardwood floors, and a large yard. Conveniently located, close to freeway access, IMC, shopping, schools, and canyons.
Forget Tariffs! There’s a New Crisis Impacting Rate Cuts
The Fed held rates at 4.25–4.5%, ignoring Trump’s calls for aggressive cuts. Trump imposed steep tariffs, triggering fears of price hikes on goods and vehicles.
How to Know if a Home Fits Your Lifestyle?
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
Are Buyers Really Optimistic About Housing?
Over half of U.S. buyers feel the market is better than last year, showing cautious optimism. Seventy-five percent of buyers are waiting for lower prices and interest rates before purchasing homes.
Why You Should Move to Utah
Suburbs of Salt Lake City are booming with new homes. Low unemployment and tech sector growth fuel migration. Affordable pricing compared to West Coast states. Access to skiing, hiking, and national parks. Ideal for families seeking active, balanced lifestyles.
Is Utah Real Estate Finally Cooling Down?
Utah Real Estate prices remain high, but the pace of growth has clearly slowed in recent months. Median monthly mortgage payments in Utah have dropped, improving affordability for first-time homebuyers. Listings are up across Utah, giving buyers more options and...
Utah 2025: Buyers Gain From Balance
Rising listings in Salt Lake suburbs support choice and negotiation. Family-oriented neighborhoods showing long-term value potential.
Where are the most new homes being built in the U.S.? In Utah?
Utah ranks 4th nationally for new home builds, authorizing 18.6 new units per 1,000 existing homes in 2024. Despite a nearly 25% drop in new home authorizations since 2022, Utah's median home price remains high at $535,217. The Salt Lake City-Murray area ranked...
Utah ranks No. 4 for most new homes being built in the US
Utah ranks fourth in the U.S. for new home builds, authorizing 18.6 new units per 1,000 existing homes in 2024. Despite a nearly 25% drop in new home authorizations since 2022, Utah maintains one of the highest median home prices at $535,217. The Salt Lake City-Murray...
Global Vacation Rental Market Grows 5% CAGR by 2033
Global vacation rental market to grow from $92.61B in 2025 to $136.83B by 2033. 5% CAGR driven by tech, personalization, remote work trends, and flexible travel preferences.
The price has reduced for this Listing, check it out Listing Address: 614 W ANDERSON Murray, UT 84123
New Carpet! 4 Bedroom 2 Bath updated Murray home. Granite counters, multiple gathering spaces, hardwood floors, and a large yard. Conveniently located, close to freeway access, IMC, shopping, schools, and canyons.
[mlcalc default=”mortgage_only”]
