Houtan Hormozian breaks down why people are selling homes in 2025: 42% of Gen Z and 27% of millennials plan to sell within a year. Mortgage applications jumped 18% year-over-year while inflation hit a four-year low at 2.3%, though retail sales barely budged at 0.1% as consumers stay cautious.
A quick market insights. ICE's survey shows 42% of Gen Z and 27% of millennials plan to sell their homes in the next year, mainly for a change of scenery, upsizing, or tapping into equity. Mortgage Bankers Association data also shows purchase applications rose 2% this week and 18% year over year. Inflation dropped to 2.3% in April, a 4-year low, as grocery, car, and flight prices fell. Producer prices had their biggest drop in 5 years, with businesses absorbing tariff costs. Retail sales rose just 0.1% as consumers pulled back amid economic uncertainty. Found this helpful? Please like our post and tag a friend. Contact us through our website or message us right here.
