Gen X homeowners hardest hit by 2008 housing crash
The longer you own a home, the more equity you should gain. However, after the housing market crash, Gen X homeowners are still lagging behind in terms of gaining equity in their homes, according to the new Zillow Home Equity Report.
Because many Gen X homebuyers entered the market right when the housing market crashed, Zillow found that they did not have time to build equity before housing values dropped.
Millennial homebuyers, on the other hard, have mostly entered the market within the past five years. Although there has been strong competition, they have been able to build a lot of equity in a short amount of time…..
Gen X homeowners hardest hit by 2008 housing crash was originally published on Chicago Agent Magazine – For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.
Source: Chicago Agent Magazine