“The homeownership rate has held steady above pre-pandemic levels. Millennials are still aging in large numbers into the lifestyle decisions that are correlated with the decision to buy a home. There is a longer run demographic demand shift away from renting to home owning driven by millennials aging into homeownership.” --Odeta Kushi, Deputy Chief Economist with First American Financial Corp., Santa Ana, Calif.

Redfin, Seattle, said nearly one-quarter (24%) of first-time homebuyers are using stimulus money for their down payment, the second-most common way after saving directly from paychecks.