Millennials
Where are all the first-time homebuyers? In their cozy rentals, that’s where! With a market almost completely devoid of newby buyers, and the rental market being as competitive as it is (just ask my friend looking for a single-family home in East Dallas!), and prices going up across all segments, it’s just hard to find…
I have a few friends that moved to San Antonio after college. One of them is an architect and the other was a medical student. Both were initially bummed about moving to the Alamo City. It was so different from Houston and Austin and Dallas. They weren’t sure they would like it. They didn’t know…
This is a theme that was repeated over and over at the National Association of Real Estate Editors spring conference. With the Millennial generation becoming the newest cycle of homebuyers, we have to wonder what phase of their lives will influence trends in real estate the most. This story in the Washington Post really summarizes…
High rates of student loan debt, increasing interest rates, and a still slow job market in most of America will send rental rates among Millennials sky high, resulting in 46.8 million American renters in 2015. That’s according to Real Property Management, who sent us this interesting infographic on the tastes and mindset of Millennial renters.
I love this story because the guy in the WSJ photo is working in a coffee shop in St. Charles, Illinois, on the Fox River Valley where I grew up. He had two years of college and dropped out, for whatever reason with $14,000 of debt, and now the Wall Street Journal is using 26-year-old…
