Millennials & Real Estate
Long ago I was told that it’s more lucrative to be paid to think than to do. Turns out that piece of advice is true on many levels that intersect with homeownership. Several years ago, the Federal Reserve Bank of New York released data that seemed to say that student loan debt was dragging down…
Read MoreKonrad Putzier, a reporter at The Real Deal in New York City, tweeted this chart yesterday. It shows the plight of NYC’s millennials: 28.4% work in retail or hospitality – up from 21.9% in 2000 – but wages are down. Annual wages in retail or hospitality are less than $30,000 a year in one of…
Read MoreSkyrocketing prices and appraisals are good news for Dallas homeowners who want to sell, but what about those who want to buy? According to data just released by Apartment List, 79 percent of Millennials who are renting would prefer to own a home, but cite high prices as the biggest barrier to homeownership. The data,…
Read MoreWhat is the ideal home size today? What are Millennials buying, if they are buying? What socio-economic group is building now? The National Association of Home Builders knows these things. The median size of homes that people wanting to build or are currently living in is 1,859 square feet. This is according to an NAHB…
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