Story perspectives

Young Buyers Urged to Cut Costs for Homeownership

11/3/2025

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Summary

Story summary

Pamela Liebman, CEO of The Corcoran Group, advised young people to cut expenses like coffee to save for homeownership.
The National Association of Realtors reports the age of first-time buyers is now 38, higher than in previous decades.
Bank of America surveys that many young people are reducing expenses to improve their financial situations.
Starbucks reported strong quarterly revenue but weaker earnings per share, signaling shifting consumer spending.

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Story summary

Pamela Liebman, CEO of The Corcoran Group, advised young people to cut expenses like coffee to save for homeownership.
The National Association of Realtors reports the age of first-time buyers is now 38, higher than in previous decades.
Bank of America surveys that many young people are reducing expenses to improve their financial situations.
Starbucks reported strong quarterly revenue but weaker earnings per share, signaling shifting consumer spending.