Will first-time homebuyers save California’s homeownership rate?

There's a lot of talk about California’s changing homeownership landscape, especially for first-time buyers in the 25-34 age group. With student debt, rising mortgage rates, and soaring home prices, it’s no surprise that the homeownership rate has dipped to 54.3%. Many are waiting until ages 30-45 before making the leap—often held back by employment hurdles and zoning restrictions. Growth in ownership is expected to pick up after 2030. Having helped so many Bay Area buyers—whether upgrading, downsizing, or finding that perfect first home—I see how challenging and important these milestones are. If you’re navigating these waters, know you’re not alone. Understanding your motivations and the unique aspects of our neighborhoods can make all the difference in your home journey.