Facts & Trends

The Weekly Habit

The #1 activity for retiree’s is watching TV. Only 37 (~25%) responders selected the correct answer. One commented “It’s going to be video games and virtual reality by the time I’m 70.” I don’t disagree.

What percentage of young adults own a home?

Data for 25-34 year olds as of 2021

Login or Subscribe to participate in polls.

Real Estate

Unlike the rest of the world, Americans disproportionally value owning over renting, and homeownership is viewed as a critical piece of “the American dream.”

Data Nuggets

Trivia Answer: 41.6%

For perspective, the homeownership rate in Germany is <50%.

Are you a homeowner?

Please share any anonymous tips, questions, or comments!

Login or Subscribe to participate in polls.

Costs to Consider

With U.S. home prices up over 40% since January 2020, saving for a home is harder than it’s been in decades.


Typically, need 20% to avoid PMI, but many first time homebuyers can get away with as little as 3.5% if you qualify for an FHA loan.

Closing Costs

They range between 2% - 5% of the total purchase price. These include loan origination fee, appraisal fee, title insurance, inspection fee, credit report fee….I’ll just stop there.

Ongoing Expenses

Loan’s principal & interest, homeowner’s insurance, property taxes, maintenance & repair, utilities, HOA fees, etc.

My Favorite Guide

Buying vs. Renting

It’s a lifestyle decision.

Rent is the maximum you’ll pay when buying is the minimum.

My Key Takeaway

Don’t buy a home just to check a box. Ask questions, get the specifics, and make a plan. If you don’t have one, talk to your financial advisor.

Don’t have a financial advisor? Find yours at Habits!

Thanks for reading, Habits fam. See you back here next week for more.


Got feedback? Hit reply and tell me what you think…I’m always looking to level up.