Tag Archives: suburbs

Homebuyers, regardless of age, want to own a detached single-family home in the suburbs, according to a report. But here’s how the image of the ideal American home as well as homeownership is evolving.

New construction may account for the majority of growth in housing stock, but there are other important sources of development, depending on the region and type of market according to a study. What are these sources?

Due to factors such as affordability, Americans are increasingly moving to the suburbs. According to a recent report, there’s a larger pattern and cause at play.

First-time buyers may want to turn their attentions toward suburbs in 2016. As home prices are showing no signs of slowing down, affordability becomes a larger issue when purchasing a home.

Today, cities resemble a “new donut” pattern with a resurgence of downtown and historic centers, often driven by young adults. Young adult, ages 22 to 34, population has grown in every city in the country. This Millennial population has been shown to be interested in neighborhoods with walkability, and less interested in having a home with a big back yard or close to a good school district. Residents in the center of cities now tend to have a higher level of education than before, with new college grads moving to metropolitan areas. This influx of new residents has created a resurgence of development in cities.