An increasing number of American adults say they don’t want to have kids. It suggests an acceleration of a trend that could have a big impact on real estate markets in the future. An October survey by the Pew Research Center found that 44% of adults younger than 50 who don’t currently have children said
American homes are getting bigger
November 25, 2021 by
With the coronavirus pandemic forcing people to spend more time indoors, home buyers are looking to trade up to bigger properties. The median single-family home floor area has risen to 2,337 square feet, according to the latest data from the U.S. Census Bureau The average size of new single-family homes is 6.2% bigger since the
Home prices are rising faster in areas without mass transit
July 13, 2021 by
Home prices in areas without mass transit services are rising almost twice as fast as those where public transportation is widely accessible, a new study has found. The Redfin study found that the median home sale price in what it calls “car-dependent areas” has risen by 32.8% to $418,100 since January 2020. At the same
Armed with savings from the pandemic, young adults eye homeownership
July 6, 2021 by
Zillow believes that most millennials and Gen Zers are enthusiastic about the idea of owning a home and that a good number of them will look to buy one in the near future. A recent survey on the housing preferences and influences on the younger generations found that three in five are planning to use
U.S. fertility rate drop to impact housing
March 9, 2021 by
The recent revelation that Americans are having fewer children during the COVID-19 pandemic is likely to have some big implications for the U.S. housing market, causing new trends that are apparent even now. In a post on the National Association of Realtor’s Economists’ Outlook blog, Dr. Jessica Lautz, vice president of demographics and behavioral insights
Zillow predicts a stronger housing market in 2021
January 5, 2021 by
Zillow has said that it expects the for-sale housing market to gain even more strength in 2021 following an incredible run that came in the wake of the coronavirus pandemic. Zillow said in its 2021 housing predictions that demand is continuing to grow as we enter the new year, and that this will likely surge
Interest in manufactured homes is booming
December 11, 2020 by
We could be about to see a boom in mobile home sales. A new analysis from Point2Homes of Google Trends data shows that 23 U.S. states saw a 50% increase in searches for mobile homes from May to September, compared to the same period one year ago. The popularity of what are also known as
This is why millennials struggle to buy homes
December 7, 2020 by
The homeownership rate of millennials is 8% lower than it was for Gen Xers and Baby Boomers when they were the same age, according to a new report by the Urban Institute. So why are younger generations struggling to obtain a home at the same rate as their parents were? In its Millennial Homeownership report,
The pandemic has forced millions of young people to move back home
September 21, 2020 by
Millions of young adults have moved back home with mom and dad since the COVID-19 pandemic began, and now, the majority of 18-to-29 year olds are said to be living with their parents. That surpasses a previous peak that was set during the Great Depression, the Pew Research Center reported. The survey by Pew found
Report: House hunting takes more time, but buyers refuse to give up
May 10, 2018 by
Consumers in the hunt for a new home say it’s taking a significant amount of time to find the perfect property. In fact, some 51 percent of respondents in a recent survey said it’s taking them three months or more to find a home that meets their
