Millennials
The only hope many younger generations have to accumulate wealth is to stay cozy with grandma. Since 1995 (over a decade before the Recession), the median wealth of 25-34 year olds declined 39 percent, while 35-44 year olds declined 27 percent, and 45-54 year olds’ wealth declined 15 percent. There have been potent gains reported…
When it comes to life on this side of the lake, there are few neighborhoods in East Dallas that still retain much of their character like Lochwood. Located on the north east side of White Rock Lake, hugging the borders to Old Lake Highlands and the L Streets, this neighborhood is delightfully hilly, with long…
NAR’s recent generational survey uncovered some really interesting trends. For starters, more and more Millennials are eschewing urban life and heading for the burbs, where they can afford to buy a house. Though Millennials contributed the largest share of home buyers in 2017 at 36 percent, a shortage of single-family construction has kept aspiring homebuyers…
Plenty of data has shown that Millennials have been eschewing homeownership more than previous generations. That trend may now be reversing according to data from HomeLight, a company that utilizes complex data analysis to better understand real estate markets across the country. “Millennial is a broad term, but when we look at our data, we…
As more and more Millennials are priced out of what would be considered typical “starter home” ranges, long-term renting has become customary for an entire generation. But finding a great apartment with everything you want and need — and at a suitable price — is the modern day trial of Job. That’s part of the…
