Millennials Saving to Become Home Owners

According to a report conducted by the Urban Land Institute, 70% of millennials who do not yet own their home fully expect to become home owners by 2020. Most anticipate using money they have saved as a down payment. The survey was carried out across 1270 people falling into the age category of 19 to […]

Could Millennials Reverse Trend For Larger Homes?

In the past the trend was for developers to build huge luxury homes, often dubbed McMansions, but all that changed with the recession, and the average size of a new single-family home was 2135 ft.². Things began to change it again last year when sizes of single-family homes increased to 2598 ft.² as builders once […]

Will “Millenials” Change the Landscape of US Real Estate?

A new survey by the Urban Land Institute (ULI) suggests that Americans aged between 18 and 34 – otherwise known as ‘Millenials’ or ‘Generation Y’ – could become a “game changer” in the future of US real estate. As such, real estate professionals are being advised to take careful note of this demographics’ preferences when it comes to buying a home.

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