NewPanda REAL ESTATE UPDATE
		YOUNG MILLENNIALS AND GEN ZERS DOMINATE THE MORTGAGE MARKET Pinterest Last year, 40% of new mortgages were issued to buyers under 35, and 27% to buyers aged 35-44. Young people take out the majority of mortgages because they’re of prime homebuying age, gaining financial stability and growing families. Plus, they’re less likely than older people to pay cash. In Pittsburgh, buyers under 35 accounted for nearly half of new mortgages, the highest share among major metros. In the Bay Area, 35-44 year olds took out about 40% of new mortgages, leading other major metros. Home purchases declined across all age groups due to record-high housing costs, with new mortgages dropping approximately 20% year over year for each age group.								DID YOU KNOW?         There's a home in Texas made of beer cans       800 Linda Flora Drive

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