Is Gen Z taking over the housing market?
NEW YORK — Credello, a financial tech company that offers a personal finance tool that simplifies financial decisions, said that a 2022 report by Redfin found that 30 percent of 25-year-olds were homeowners, a percentage higher than both millennials and Gen X-ers.
How has Gen Z passed its predecessors with homeownership when they’re earning less and dealing with the same competitive housing market?
How Gen Z is outpacing other generations in homeownership
1. They entered a better job market than Gen Y. Millennials have the unfortunate fact that most of them entered their professional lives during the Great Recession, making it more difficult for them to start saving for a house in their 20s, a common investing practice. Gen Z, however, came into a more bustling labor market post-COVID. A U.S. Bureau of Labor Statistics study found that over 24 million jobs were added to the U.S. economy since April 2020, a rate higher than prepandemic levels;
2. They capitalized on historically low mortgage interest rates. Before the recession, rates were at all-time highs. As a result, many millennials were unable to qualify for mortgages because of how high the rates were. Gen Z, however, benefited from historically low interest rates that occurred during the pandemic, making it nearly effortless to get a mortgage for a home;
3. They’ve been willing to move to “less desirable” areas. Thanks
Average long-term U.S. mortgage rate falls to 6.35%, lowest in 5 weeks
LOS ANGELES — The average rate on a long-term U.S. home loan is down to the lowest level in five weeks, welcome news for house hunters facing a market constrained by persistently high prices and a near-historic low number of homes for sale.
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan inched down to 6.35 percent from 6.39 percent last week. The average rate a year ago was 5.30 percent.

The average benchmark rate has now edged lower seven of the last nine weeks since reaching a high for this year of 6.73 percent in early March.
“This week’s decrease continues a recent sideways trend in mortgage rates, which is a welcome departure from the record increases of last year,” said Sam Khater, Freddie Mac’s chief economist. “While inflation remains elevated, its rate of growth has moderated and is expected to decelerate over the remainder of 2023. This should bode well for the trajectory of mortgage rates over the long-term.”

High rates can add hundreds of dollars a month in costs for homebuyers on top of already high home prices. The elevated rates combined with a stubbornly low inventory of homes on the market have weighed on U.S. home sales this spring homebuying season.
Sales of previously occupied U.S. homes fell 22 percent in the 12 months ended in March, marking eight straight months of annual sales declines of 20 percent or more, according to the National Association of Realtors.
The latest pullback in mortgage rates is perfect timing for Cheryl Cafarella, who recently began shopping for condos priced between $150,000 to $170,000 in Chicago.
“I thought, before (rates) go any higher, I might as well jump in and try to find a place,” said Cafarella, 55.
to remote work, many Gen Z homebuyers are opting for metropolitan areas that have historically low costs of living, saving them money on their homes. This generation is more willing to be nomadic than Gen X and, to some extent, millennials. They have been able to capitalize on new initiatives that “less desirable” towns are offering digital nomads who move to their cities, including moving allowances, housing grants, and even cold, hard cash;
4. They’re more flexible with their housing. Since most Gen Z-ers are still in the beginning phases of building their families, they’re more willing to own homes
that are smaller or nontraditional. The tiny home movement that began as a way for millennials to own homes has branched out to Gen Z and taught them that a three-bedroom/two-bath house isn’t all it’s cracked up to be when you’re still young. Consequently, many are opting instead for the cheaper “starter” homes or even pre-fab or mobile homes since getting financing for a mobile home can sometimes be easier than traditional mortgages. What older generations can learn from Gen Z
1. Be flexible. Many of the things that have held back older generations, such as not being
willing to move to less desirable areas, can be overcome with a bit of creativity and flexibility. For example, many Gen Z-ers opt for “starter homes’’ or prefabricated housing that is easier and cheaper to get financing for than traditional mortgages;
2. Cut your spending. Many Gen Z-ers watched their sibling millennials struggle in harsh economic climates, leaving many in debt and struggling. Because of this, many entering the job market now are much more cautious with their spending habits and are instead opting to squirrel money away for future purchases, like homeownership, instead of impulse buys;
3. Watch the market. There is rarely a “perfect” time to buy, but that doesn’t mean you shouldn’t hedge your bets by waiting for the market to fluctuate. Both interest rates and real estate markets will ebb and flow over time, so keep your eye on how things are trending in your area. Gen Z saw that the time to buy was during the historically low-interest rates of 2020 and struck while the iron was hot. Consequently, now interest rates are much higher to help curb inflation, and most real estate markets in the U.S. are highly competitive, making it the wrong time to buy. Sit patiently and wait for the tide to change.
The bottom line
Looking at the data above, it’s clear that Gen Z is taking over the housing market. They’ve taken advantage of historically low mortgage rates, are more flexible with their housing needs, and are more cautious with their spending habits. As a result, they can get mortgages easier than previous generations and aren’t as affected by high interest rates.
About Credello
Credello is a financial tech company offering a personal finance tool that simplifies financial decisions through personalized, on-demand recommendations — so users can borrow, save, or invest with confidence.
Credello believes that finding the right financial product should be as easy and interactive as online shopping, and the company is on a mission to make that possible. For more information, see credello.com.
SALES Account ExEcutivE





















































We are looking for the right candidate to call on new and current customers and market our numerous advertising solutions to grow our customer’s business. This person will prospect new business and grow the current account base. Comfort with cold-calling is a must. He/she will be able to represent numerous newspapers, magazines, website and digital products, be able to match those products to the customer’s needs and make sales presentations to key decision makers. A high school diploma is required. A Bachelor’s degree in marketing or business is preferred. An aptitude for understanding statistical information and basic computer skills are necessary. He/she also must possess excellent verbal and written communication skills and be able to successfully multi-task. If you want a career with a fast paced, top media company with excellent pay and benefits, we want to hear from you.








Our full-time employees enjoy a generous benefit package that includes: Medical, Dental, Company-Matched 401K as well as sick leave and paid vacation.








pursuanttothetermsoftheProgram Documents,thatthefollowinginterval SHOWNBELOW willbeforeclosed uponbytheforeclosingaffiant,whichisChicagoTitleInsuranceCompany, 2121PalomarAirportRoad,Suite330B,Carlsbad,CA92011,onbehalfof PACIFICFANTASYTIMESHAREOWNERSASSOCIATION,aHawaiinonprofitcorporation by POHAKURESORTMANAGEMENT astheattorneyin-factfortheownernamedshownbelow,bysaleofthepropertysecured thereby.



Will conduct a sale at public auction on 6/14/2023 at 1:00 PM



Location:ATTHEFRONTENTRANCEOFTHEFIFTHCIRCUITCOURT BUILDING 3970 KA’ANA STREET, LIHUE, HI, 96766 Eachofthepropertiestobesoldisanintervalownership(Timeshare)interest in“PACIFICFANTASYATPONOKAI”PROGRAMestablishedbycertain DeclarationofCovenants,ConditionsandRestrictionsandVacationOwnership Interestrecorded9/24/1981asdocumentnumber15839/Page490,
106441712100000564D306-42D306EVERY424-5-007-002-0098 GEORGEJBROWNASINGLEMAN4/8/199898-0482535/5/2023A85250511$5602.69106442712100000627A107-24A107EVERY244-5007-002-0007MARKC.WARDSINGLEMAN5/8/199191-058248 5/5/2023A-85250511$4241.54106443712100000699E108-01E108 EVERY14-5-007-002-0108MARJOANNBAISDENASINGLEPERSON 9/2/198888-1268875/5/2023A-85250511$5026.29106444 712100000701A107-18A107EVERY184-5-007-002-0007BONNIE SPERLINGKOWALSKIAMARRIEDWOMAN5/20/199090-078716 5/5/2023A-85250511$4032.11106445712200000256D307-14D307 EVERY144-5-007-002-0099HECTOREDGARDMORALESANDNORMA ANGELICAMORALESHUSBANDANDWIFEASJOINTTENANTSWITHFULL RIGHTSOFSURVIVORSHIP3/9/2016A591205555/5/2023A-85250511 $5083.33106446712200000350E204-49E204EVERY494-5-007-0020113ANITAMARTINDOWNSANDEMMETTEARLDOWNSHUSBANDAND WIFEASJOINTTENANTSWITHFULLRIGHTSOFSURVIVORSHIP3/22/2017 A629005285/5/2023A-85250511$3491.30106447712200000410 J206-47J206EVERY474-5-007-002-0210LONETTAANNRICHARDSON BRYANTENANTINSEVERALTY7/26/2017A641607135/5/2023A85250511$5380.85106448712200000462D306-24D306EVERY2445-007-002-0098SHAWNAHANSENANUNMARRIEDWOMAN3/15/2019 A701309035/5/2023A-85250511$5087.75106449712200000513 E204-06E204EVERY64-5-007-002-0113JOSERAFAELFIGUEROAAYALA TENANTINSEVERALTY11/30/2020A763906605/5/2023A-85250511 $3484.08106450712100000182D307-25D307EVERY254-5-007-0020099RONALDEDWARDDEHOFFANDMARYLOUDEHOFFHUSBANDAND WIFE3/17/198888-367685/5/2023A-85250511$5083.33106451 712100000192E204-26E204EVERY264-5-007-002-0113DOUGLAS EDWARDLOWEANDKARENLOUISELOWEHUSBANDANDWIFEASJOINT TENANTSWITHFULLRIGHTSOFSURVIVORSHIP8/3/20102010-109978
5/5/2023A-85250511$3054.40106452712100000312D306-37D306 EVERY374-5-007-002-0098MICHAELCHARLESGOSSANDSLAURETTE GOSSHUSBANDANDWIFEASJOINTTENANTS(WITHRIGHTOF SURVIVORSHIP)10/9/20002000-1417045/5/2023A-85250511 $3485.84106453712100000442E105-05E105EVERY54-5-007-0020105LAWRENCEBYRONBALDERSTONJR.ANDJEANARLENBALDERSTON HUSBAND&WIFE7/30/198686-910345/5/2023A-85250511$3048.45 106454712100000499G102-42G102EVERY424-5-007-002-0152JOHN RAYMONDLINDNERANDKRISTINESEBASTIANLINDNERASTRUSTEESOFTHE LINDNERLIVINGTRUSTDATEDJULY219963/14/20082008-040387 5/5/2023A-85250511$3491.30106455712100000590J207-49J207 EVERY494-5-007-002-0007EDWARDSAKSENHAUSANDL.DIANE SAKSENHAUS6/6/199595-0748275/5/2023A-85250511$5930.21 106456712100000702J203-39J203EVERY394-5-007-002-0206 WILLIAMPAULDODGEJOLENECECILEDODGEHUSBAND&WIFE6/29/1984 84-747825/5/2023A-85250511$3812.18106457712200000133 F107-05F107EVERY54-5-007-002-0132BENJAMINFONSECAJRAN UNMARRIEDMANANDELYVIANEYESTRADAGALVANASINGLEWOMANAS JOINTTENANTSWITHFULLRIGHTSOFSURVIVORSHIP6/5/2015A56340666 5/5/2023A-85250511$3491.30106458712200000230J202-38J202 EVERY384-5-007-002-0205TERRYDURSTASHISSOLEPROPERTY 4/13/2021A777306185/5/2023A-85250511$3491.30106459 712200000254H307-25H307EVERY254-5-007-002-0195ARAM NALBANDYANANDCYNTHIABAMBINA;BANDYANHUSBANDANDWIFEAS JOINTTENANTSWITHFULLRIGHTSOFSURVIVORSHIP2/24/2016 A589805855/5/2023A-85250511$4017.54106460712200000297 J206-37J206EVERY374-5-007-002-0210GARYROBERTKEENLISIDEA WIDOWERANDMARIANELACAMPBELLAWIDOWASJOINTTENANTSWITH FULLRIGHTSORSURVIVORSHIP3/14/2016A591703905/5/2023A85250511$5935.36106461712200000374J202-24J202EVERY244-5007-002-0205IVANORALANDMARIAORALHUSBANDANDWIFEAS TENANTSBYTHEIRENTIRETY5/9/2017A633807075/5/2023A-85250511 $3491.30106462712100000344F307-45F307EVERY454-5-007-0020149PATQUATTLEBAUM&WILLIEDQUATTLEBAUMHUSBAND&WIFE 11/29/198989-1817425/5/2023A-85250511$3969.49106463 712100000217A102-30A102EVERY304-5-007-002-0002ALYSAUDREY HOPKINSSURVIVINGSPOUSEOFHAROLDJESSEHOPKINSWHODIEDJULY 3020006/9/198383-617085/5/2023A-85250511$2490.44106465 712100000249D307-34D307EVERY344-5-007-002-0099EVERDEANJ. VANSLOOTENUNMARRIEDWOMAN12/21/199090-1950725/5/2023A85250511$2907.93106466712100000385A107-50A107EVERY504-5007-002-0007EVERDEANVANSLOOTENUNMARRIEDFEMALE6/26/1995 95-0833725/5/2023A-85250511$3056.93106467712100000241 E108-33E108EVERY334-5-007-002-0108ROBERTRUSSELLROWE UNMARRIEDMAN11/18/199191-1542595/5/2023A-85250511 $3290.87106468712200000253G102-04G102EVERY44-5-007-0020152BENJAMINRAYCATESANUNMARRIEDMANANDRACHELLENICOLE HARTNETTASINGLEWOMANASJOINTTENANTSWITHFULLRIGHTSOF SURVIVORSHIP2/25/2016A589907555/5/2023A-85250511$6540.97 106469712200000171F307-09F307EVERY94-5-007-002-0149RALPH EDWARDORTEGAJRASINGLEMANANDUARICELDIANNAPOLANCOA SINGLEWOMANASJOINTTENANTSWITHFULLRIGHTSOFSURVIVORSHIP 6/5/2015A563404895/5/2023A-85250511$9094.18106470 712200000296D306-47D306EVERY474-5-007-002-0098DIANNA MARIEFELDMANANDDAVIDJOHNFELDMANWIFEANDHUSBANDASJOINT TENANTSWITHFULLRIGHTSOFSURVIVORSHIP3/23/2016A59260721 5/5/2023A-85250511$7741.51106471712200000306A102-11A102 EVERY114-5-007-002-0002AZALADIAKINGBADEANUNMARRIEDWOMAN ASSOLEANDSEPARATEPROPERTY4/20/2016A595407645/5/2023A85250511$5955.46106472712200000365D306-32D306EVERY3245-007-002-0098RENITAHANSONANDKEITHREGINALDHANSONWIFEAND HUSBANDASJOINTTENANTSWITHFULLRIGHTSOFSURVIVORSHIP 5/2/2017A633107705/5/2023A-85250511$6288.76106473 712200000352E105-14E105EVERY144-5-007-002-0105LISALYNN HENSLEYANDWALTONALFREDJOHNJR.WIFEANDHUSBANDASJOINT TENANTSWITHFULLRIGHTSOFSURVIVORSHIP4/12/2018A66760655 5/5/2023A-85250511$4948.71106474712200000244D306-21D306 EVERY214-5-007-002-0098DOLORESADAMERICHARDSANUNMARRIED WOMANANDRENATOGOMEZASINGLEMANASJOINTTENANTSWITHFULL RIGHTSOFSURVIVORSHIP2/10/2016A588407845/5/2023A-85250511 $6619.50106475712200000120E108-31E108EVERY314-5-007-0020108RICHARDCORNELIUSROBINSONANDLORETTAKIMROBINSON HUSBANDANDWIFEASJOINTTENANTSWITHFULLRIGHTSOFSURVIVORSHIP
5/8/2015 A56060675 5/5/2023 A-85250511 $6892.04
TheapartmentconsistingofanundividedinterestinsaidCondominiumandas notedonNoticeofDelinquentAssessmentandClaimofLien,whichhasbeen filedagainstpurportedownerwhoisshownabove,whichdeedwasrecorded asmentionedabove,asdocumentnumbershownabove,recordedintheoffice ofBureauofConveyances,StateofHawaii,whichconsistofdelinquent maintenancefees,(plusinterest,latecharges,andcollectionandenforcement costs. Theestimatedcosts/Salespriceforsaidintervalisshown above. Eachintervalshallbesoldseparately,inan “ASIS” conditionwithno upsetprice,tothehighestbidderwithnotlessthatTENPERCENT(10%)ofthe highestbidpricepayableasanon-refundabledepositincash(US)or certified/cashier’scheckatthecloseoftheauction,withthebalanceof remainingfundsduetoChicagoTitleInsuranceCompany,onbehalfofthe OwnersAssociationwithin30days,fromthedateofsale.POHAKURESORT MANAGEMENTonbehalfofPACIFICFANTASYTIMESHAREOWNERS ASSOCIATIONwillbeallowedcreditbids,sincethemoniesareowedtothem. Purchasershallpayallcostsofconveyancing,includingTitleInsuranceand Escrowfees,conveyancetax,documentdraftingandpreparation,securing possessionandnotaryandrecordingfees.Saleissubjecttopostponement and/orcancellation,foranyreasonbefore,oraftercommencementor bidding, at POHAKU RESORT MANAGEMENT discretion.








Dated: 5/5/2023
Inordertopayyouraccountcurrentandavoidloosingyourinterval thruforeclosuresale,pleasecontactMICHELLESMITHATPOHAKU RESORT MANAGEMENT Phone no. (877) 976-6652.













(TGI1415463 5/12, 5/19, 5/26/23)










IN THE FAMILY COURT OF THE FIFTH CIRCUIT STATE OF HAWAI‘I

CASE NO. FAN-23-000015


In the Matter of the Adoption of A MALE Child
Born on July 13, 2020
THE STATE OF HAWAI‘I TO:
TYLERCARRICOandLAURENPIERCE,whoselast known address is unknown.
YOUAREHEREBYNOTIFIEDthatapetitionforadoption oftheabove-identifiedchildborntoTYLERCARRICCO andLAURENPIERCE,thechild’sbirthparentshas beenfiledintheFamilyCourtoftheFifthCircuit,State of Hawai‘i. THEPETITIONALLEGESthatyourconsentisnot requiredandmaybedispensedwithpursuantto Hawai‘iRevisedStatutesSection578-2(c)as amended. AhearingonthePetitionwillbeheldonJUNE20, 2023,at9:00A.M.attheFamilyCourtlocatedat 3970Ka‘anaStreet,Lihu‘e,Hawai‘i,inCourtroom Number 1. IFYOUFAILtoappearatthehearingondateandtime andattheplacenotedaboveorifyoufailtofilea writtenresponsetotheallegationsreflectedinthe PetitionforAdoption,furtheractionmaybetaken includingthegrantingoftheadoptionwithoutfurther noticetoyou.Yourwrittenresponseshouldbe addressedtothePresidingJudge,FamilyCourt,Fifth Circuit, 3970 Ka‘ana Street, Lihu‘e, Hawai‘i, 96766. FAILURETOOBEYthisnoticemayresultinanentryof default and default judgment against you. YOUAREFURTHERNOTIFIEDthatthechild,the adoptiveparentsandthenaturalparentshaverights underHRSSection578-15regardingconfidentialityof adoption records after the child reaches the age of 18.
Dated: Lihue, Kauai, Hawaii, May 2, 2023. (TGI1414985 5/5, 5/12, 5/19, 5/26/23)
WASTEWATER SYSTEMS

















PUBLIC NOTICE OF VARIANCE APPLICATION NO. WW 782


DOCKET NO. 23 - VWW - 18










PursuanttoHawaiiRevisedStatutes,Section 342D-7(i),theStateDepartmentofHealth(DOH) seekswrittencommentsfrominterestedperson(s) regardingthefollowing.Mr.MarkTsuchiyamahas appliedforavarianceforthemaximumoffive(5) yearsfromsection11-62-32ofHawaiiAdministrative Rules, "Wastewater Systems." Mr.MicahKagimotoofSUMUEngineeringCorp. istheauthorizedagenttoactfortheapplicant.The variancerequestisfortheconstructionofanew individualwastewatersystemtobeinstalledat2857 PuaLokeStreet,Lihue,Hawaii,96766andTMK(4)36-010: 096.
Ifyouwouldliketoreviewthecomplete application,pleasevisitStateofHawaii,Wastewater Branch,2827WaimanoHomeRd,Rm207,PearlCity, Hawaii96782.Formoreinformationorifyouhave specialneedsininspectingand/orcommentingonthe publicnotice,pleasecontactMr.MarkTomomitsu, Supervisor,Planning&DesignSectionattheabove addressorcall(808)586-4294(voice)orSprintRelay HawaiiforTTY/TDDat1-711or1-877-447-5991at leastseven(7)calendardaysbeforethecomment perioddeadline.DOHwillconsiderallwritten commentsreceivedwithin30daysofthisnotice.If warranted,DOHmayholdapublichearingonthe applicationafterreceiptofrelateddocumentsand written comments, if any. KENNETH S. FINK, MD,


Director
Health (TGI1415730 5/12/23)

