It’s no secret that millennials (also referred to as Gen Y: born 1981 to 1996, currently aged 25 to 40) are positioned to have substantial and long-lasting influence on the...
Read More »Search Results for: millennials
Nearly $600 Billion Reported in Home Improvements in 2021
...of 2.5 people per household. The median age for the population is 38, with large cohorts of millennials and boomers currently entering the stages of life focused on homebuying and...
Read More »The Future of Millennial Homebuyers
In recent years, experts have focused on millennials becoming the largest new wave of first-time homebuyers. Real estate professionals have adopted new technology and social media marketing in hopes of...
Read More »Where Did Homebuyers Who Moved During Pandemic Go?
...responded, the pandemic encouraged younger generations to move, a trend that will continue in the coming year, Knock reported. Among those who moved during the pandemic, 58% were either millennials...
Read More »Home Prices Remain High With Supply Restricted
...found that younger millennials continue to enter the market in droves, while older millennials look to upgrade and upsize their homes. In a recent CoreLogic consumer survey, the need for...
Read More »March Brings Double-Digit Home Price Increases
...homes for sale while they can still take advantage of historically-low interest rates,” said Realtor.com Senior Economist George Ratiu. “From a demographic standpoint, millennials are coming of homeownership age and...
Read More »Millennials and Homebuying: How They Made the Down Payment
Purchasing a home right now is challenging for first-timers, millennials, and most Americans. But for those millennials who were able to maintain steady employment throughout the pandemic-related lockdowns and stay-home...
Read More »Hesitation to List Hinders Existing-Home Sales
...as rates continue to hover near historic lows, the economy improves and puts upward pressure on wages, and millennials continue to choose homeownership over renting." He continues, "One of the...
Read More »More Millennials Investing in Home Renovations
According to a new survey by Angi, millennials who bought homes during the pandemic ended up in homes needing more renovations than they intended, and if they didn't exceed their...
Read More »Homeownership Costs a ‘Rude Awakening’ for Some Buyers
...cost.” Millennials also felt they didn’t get a good mortgage rate, or that they overpaid for property, as 12% of millennials said their rates were too high, and 13% said...
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