抵押貸款利率的大幅上漲和新冠疫情期間的房地產(chǎn)市場繁榮使全美房價上漲了超過40%,這導致房地產(chǎn)的可負擔性下降至自房地產(chǎn)泡沫時代以來前所未見的水平。
美國銀行(Bank of America)的分析師在5月5日發(fā)布的第八次年度千禧一代房地產(chǎn)調(diào)查中寫道,可負擔性不足“導致實現(xiàn)美國夢變得更有挑戰(zhàn)性”。
美國銀行的分析師發(fā)現(xiàn):“無論房租、房價還是利率,按照幾乎每一個指標,千禧一代預計需要支付更多住房成本,盡管目前住房支出已經(jīng)占千禧一代家庭收入的三分之一?!?/p>
然而,三分之二的受訪者依舊計劃買房,并且表示他們可能在未來兩年內(nèi)買房,盡管他們在住房方面的支出已經(jīng)占家庭收入的約30%(租金或抵押貸款)。出現(xiàn)這種狀況的部分原因是,受訪者預計住房成本,例如房租、房價和抵押貸款利率,可能會進一步上漲。千禧一代還認為,買房是一種良好的投資選擇。美國銀行的調(diào)查受訪者包括1,000多名25歲至41歲的千禧一代,他們的平均家庭收入在25,000美元至75,000美元之間。
美國銀行的分析師寫道:“雖然一些千禧一代可能希望在成本上漲以前盡快買房,但也有千禧一代可能因為可負擔性挑戰(zhàn)而退出房地產(chǎn)市場,尤其是在房租適當?shù)那闆r下。”(美國銀行的分析師預計,未來一年,全美房價趨于平穩(wěn),房租將適度上漲。)
不計劃買房的千禧一代最擔心的是可負擔性,尤其是隨著抵押貸款利率的上漲。美國銀行的分析師寫道,過去三年,受訪者一直擔心可負擔性問題,然而,今年的調(diào)查顯示持這種態(tài)度的千禧一代比例“大幅提高”。
有趣的是,82%的受訪者表示希望購買房價更低的老房,然后進行翻新,而不是購買新建住宅。《財富》雜志最近報道稱,千禧一代將支付數(shù)百萬美元購房,但這些當然是經(jīng)濟條件較好的千禧一代,他們并不擔心可負擔性問題。但這只能說明千禧一代在購房方面的創(chuàng)造力。
然而,與前輩相比,更多的千禧一代更早成為業(yè)主,而且美國銀行每年的調(diào)查都顯示,擁有住房的千禧一代比例提高。在今年的調(diào)查中,受訪者的住房擁有率從2022年的53%提高到58%。其中,31歲至41歲千禧一代的住房擁有率為64%。而在25歲至35歲的受訪者里,只有51%表示自己是業(yè)主。
《財富》雜志之前的報道表明,千禧一代之間及其住房擁有率存在差異。比如,《財富》雜志采訪了多位高收入者或者收入高于平均水平的千禧一代,他們依舊在租房,因為他們認為在當?shù)厥袌隹赡軟]有能力購房。
有一對夫妻生活在洛杉磯,收入約225,000美元,還有一位公司老板生活在曼哈頓,個人收入200,000美元,但他們都選擇了租房,并提到了擁有住房的許多障礙。
美國銀行的分析師表示,調(diào)查依舊“顯示千禧一代的住房擁有率整體上略高于美國人口普查局(Census Bureau)的最新數(shù)據(jù)。美國人口普查局的調(diào)查顯示,截至2022年,有51.5%的千禧一代擁有住房,這表明我們的受訪者在美國的千禧一代人口中可能并不具有代表性?!保ㄘ敻恢形木W(wǎng))
譯者:劉進龍
審校:汪皓
抵押貸款利率的大幅上漲和新冠疫情期間的房地產(chǎn)市場繁榮使全美房價上漲了超過40%,這導致房地產(chǎn)的可負擔性下降至自房地產(chǎn)泡沫時代以來前所未見的水平。
美國銀行(Bank of America)的分析師在5月5日發(fā)布的第八次年度千禧一代房地產(chǎn)調(diào)查中寫道,可負擔性不足“導致實現(xiàn)美國夢變得更有挑戰(zhàn)性”。
美國銀行的分析師發(fā)現(xiàn):“無論房租、房價還是利率,按照幾乎每一個指標,千禧一代預計需要支付更多住房成本,盡管目前住房支出已經(jīng)占千禧一代家庭收入的三分之一?!?/p>
然而,三分之二的受訪者依舊計劃買房,并且表示他們可能在未來兩年內(nèi)買房,盡管他們在住房方面的支出已經(jīng)占家庭收入的約30%(租金或抵押貸款)。出現(xiàn)這種狀況的部分原因是,受訪者預計住房成本,例如房租、房價和抵押貸款利率,可能會進一步上漲。千禧一代還認為,買房是一種良好的投資選擇。美國銀行的調(diào)查受訪者包括1,000多名25歲至41歲的千禧一代,他們的平均家庭收入在25,000美元至75,000美元之間。
美國銀行的分析師寫道:“雖然一些千禧一代可能希望在成本上漲以前盡快買房,但也有千禧一代可能因為可負擔性挑戰(zhàn)而退出房地產(chǎn)市場,尤其是在房租適當?shù)那闆r下?!保绹y行的分析師預計,未來一年,全美房價趨于平穩(wěn),房租將適度上漲。)
不計劃買房的千禧一代最擔心的是可負擔性,尤其是隨著抵押貸款利率的上漲。美國銀行的分析師寫道,過去三年,受訪者一直擔心可負擔性問題,然而,今年的調(diào)查顯示持這種態(tài)度的千禧一代比例“大幅提高”。
有趣的是,82%的受訪者表示希望購買房價更低的老房,然后進行翻新,而不是購買新建住宅?!敦敻弧冯s志最近報道稱,千禧一代將支付數(shù)百萬美元購房,但這些當然是經(jīng)濟條件較好的千禧一代,他們并不擔心可負擔性問題。但這只能說明千禧一代在購房方面的創(chuàng)造力。
然而,與前輩相比,更多的千禧一代更早成為業(yè)主,而且美國銀行每年的調(diào)查都顯示,擁有住房的千禧一代比例提高。在今年的調(diào)查中,受訪者的住房擁有率從2022年的53%提高到58%。其中,31歲至41歲千禧一代的住房擁有率為64%。而在25歲至35歲的受訪者里,只有51%表示自己是業(yè)主。
《財富》雜志之前的報道表明,千禧一代之間及其住房擁有率存在差異。比如,《財富》雜志采訪了多位高收入者或者收入高于平均水平的千禧一代,他們依舊在租房,因為他們認為在當?shù)厥袌隹赡軟]有能力購房。
有一對夫妻生活在洛杉磯,收入約225,000美元,還有一位公司老板生活在曼哈頓,個人收入200,000美元,但他們都選擇了租房,并提到了擁有住房的許多障礙。
美國銀行的分析師表示,調(diào)查依舊“顯示千禧一代的住房擁有率整體上略高于美國人口普查局(Census Bureau)的最新數(shù)據(jù)。美國人口普查局的調(diào)查顯示,截至2022年,有51.5%的千禧一代擁有住房,這表明我們的受訪者在美國的千禧一代人口中可能并不具有代表性?!保ㄘ敻恢形木W(wǎng))
譯者:劉進龍
審校:汪皓
Spiked mortgage rates, coupled with the Pandemic Housing Boom pushing up national home prices by over 40%, has seen housing affordability deteriorate to levels unseen since the housing bubble.
That lack of affordability is why “attaining the American dream is becoming more challenging than ever,” Bank of America (BofA) analysts wrote in its eighth annual millennial housing survey published on May 5.
“By almost every measure—rents, home prices, interest rates—this group expects to pay more for housing even as it already takes up one-third of their household income,” BofA analysts found.
However, two-thirds of the survey’s respondents are still set on buying a home and say they’ll likely do so within the next two years, despite already spending around 30% of their income on housing (rent or a mortgage). Partly because the respondents expect housing costs, like rent, home prices, and mortgage rates to go up even further from here. Millennials also cited buying as a good investment. BofA’s survey respondents included over 1,000 millennials between the ages of 25 and 41, with average household incomes concentrated in the $25,000 to $75,000 range.
“While some Millennials could feel motivated to buy a home soon to get ahead of cost increases, others may stay out of the housing market due to affordability challenges, particularly if rent moderates,” wrote the BofA analysts. (Analysts at BofA expect national home prices to flatten and rent growth to moderate over the coming year).
Millennials that said they weren’t planning to buy homes were most concerned about affordability, particularly with the jump in mortgage rates. Over the past three years, respondents have cited affordability as a concern, however, this year’s survey showed “a material jump,” wrote BofA analysts.
Interestingly enough, 82% of the survey’s respondents reported wanting to buy older, less expensive homes and renovate them rather than buy a newly built home. As Fortune’s recently reported, millennials are paying millions of dollars to knock down homes—but of course those are rich millennials that aren’t as concerned with affordability. But this simply speaks to the generation’s creativity in home buying.
Nonetheless, more millennials are homeowners than ever before, and each year BofA runs the survey the percentage of millennials that are homeowners has gone up. This year’s survey, 58% of respondents said they owned their home, up from 53% last year. Of those, 64% of millennials ages 31 to 41 said they owned their home. Meanwhile, only 51% of those ages 25 to 35 reported being homeowners.
From Fortune’s previous reporting, it’s clear that there’s variation among millennials and homeownership. For example, Fortune’s interviewed some high-earners, or higher than average, that are still renting because they don’t feel like they can afford to buy a home in the markets they live in.
From a professional couple earning around $225,000 living in Los Angeles to a business owner earning over $200,000 on her own, living in Manhattan, in both cases these millennials were opting to rent, citing several barriers to home ownership.
Still, according to BofA analysts, the survey “suggests a slightly higher homeownership rate for Millennials overall than the latest Census Bureau data, which showed that 51.5% of Millennials were homeowners as of 2022, indicating that our survey respondents may not be representative of the broader U.S. Millennial population.”