03/21/2026
Boomers Still Hold Largest Share of Home Wealth!
U.S.: Boomers may be on the low side of mastering technical aspects of their smart-driven homes, but they certainly make up for it where it truly counts: home value. Americans 70 and above have gained the most home wealth, says a new report from Redfin. According to the real estate tech company’s analysis of the Q3 2025 real estate industry, Boomers accounted for 26% of the nation’s real estate wealth. The percentage has gone up steadily since 1989 when it was 14.6%. And another class of “boomers,” those in the 55-69 age range, may have lost a few steps in their real estate value but still own the largest share of real estate wealth in the country at 35.3%, down from 37.7% in 2013. As for Gen X, those in the 40-54 age group, they have lost the most. It once held a high of 39.2% in 2001 but has been surpassed by those 55 and older. And for those under age 40, real estate wealth has decreased from 21.9% in 1989 to 12.6% last year. Boomers have been able to build home wealth mostly by staying in their homes as their value has increased. Gen Xers and younger have faced higher home prices, and over the past several years, higher mortgage rates and related homeownership costs.
U.S.: Mortgage rates surged this week as worries increased over jobs, inflation and rising oil and gasoline prices tied to the war in Iran. The popular 30-year fixed mortgage rose to 6.22%, up from 6.11% and nearly a quarter-percentage point higher from its nearly three-year low of 5.98% in late February. Although the Fed left its benchmark rate unchanged this week, the yield on the 10-year Treasury bonds, which impact mortgage rates, has increased due to concerns over the economy and inflation.
DFW: The Dallas Mavericks are hoping to stay in downtown Dallas, but there’s a catch. A big one. They need 50 acres of land to develop an entertainment zone. Nothing exists at the moment, and the NBA team is short on time. Over the past several months, city leaders have discussed the possibility of spending millions of dollars on renovating the aging and crumbling Dallas City Hall or relocating city operations to another site. The team and the city have yet to discuss any options there. The team’s lease at American Airlines Center expires in 2031 and it needs to find enough space to build an arena, practice facility, corporate headquarters, a medical facility, entertainment venues and possibly a high-end hotel. The team has other options in Dallas, including the former Valley View Mall along Interstate 635 in North Dallas.
