"The housing market is caught in a generational tug-of-war. Boomers will soon face aging-in-place hurdles, while millennials will face the surprise of homes in need of major upgrades," said Jon Bostock, CEO of Leaf Home.
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On Average, Millennials Are Paying More for Starter Homes
Homeowners spent an average of five years in their first home, with millennials spending four, and paying higher prices for their first home.
Read More »Refinances, Renovations Expected to Increase in 2022
Some 72% of homeowners are considering renovations or upgrades to their home, and 37% are seeking to apply for home refinance. A new report digs into what generational cohorts are planning and prioritizing when it comes to housing.
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