Millennials
We already know that, due to factors like job availability and housing affordability, Millennials enter the housing market later than any other previous generation. But a surprising number of 18 to 34 year olds aren’t just not buying their first homes, they’re still living at home. Millennials represent the most diverse, best-educated segment of our…
Read MoreDon’t be misguided by what you see on HGTV. The renovation market is not being driven by young couples out to feather their first nests. According to a report released by Harvard Joint Center for Housing Studies, Baby Boomers, motivated by changing accessibility needs, currently spend more money than any other generation on housing renovations…
Read MoreNationally, about half of American homebuyers are under 36, according to the latest study on consumer trends from Zillow, putting them squarely in the Millennial camp, born from the early 1980s to the early 2000s. Mail surveys from the National Association of Realtors indicate that first timers account for about 32 percent of all buyers, and Dallas Builders…
Read MoreThe economic recession of 2007-2009 affected most Americans in depressingly real and tangible ways. Two groups of Americans are disproportionately affected, still, by the downturn. A new study by Apartment List shows that the economic downturn had the greatest impact on homeownership among minorities and young Americans aged 18-45, particularly those in the 35-44 age range. Analysts at Apartment List,…
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