As mortgage rates decline, one would typically expect to see a corresponding reaction from the housing market. However, as of March 2026, the market has shown little movement despite lowering rates. Why is this happening? In episode 42 of the RiskWire Webcast, Chief Economist, Eric Fox, and Sr. Research Economist, Reena Agrawal discuss a multitude of reasons as to why this is occurring.
Here are a few key takeaways from the episode:
- 70% of homeowners are unaffected by rate changes. 40% of those own their homes outright, and the other 30% currently have extremely low mortgage rates (below 4%).
- The average age of the first-time homebuyer in the United States has risen from 32 years old to 40 years old in just a few short years, which reflects current affordability challenges, as well as different priorities in lifestyle among the younger generations.
- In 1989, people aged 55+ held 56% of the wealth in the United States. Now, in 2026, the same group controls 76% of wealth. Gen Z and younger millennials, on the other hand, control only 7%.
Interested in learning more about the current state of the housing market? Episode 42 provides an in-depth analysis. Watch it now: Webcast & Interviews – RiskWire, powered by Veros
For additional information about the housing market or economic trends, visit RiskWire.com today! Also, don’t forget to listen to the RiskWire: On the House on your preferred channel: Apple Podcasts, Spotify, and YouTube Podcasts.
