US Real Estate, Zillow

Report: Younger generations make bigger sacrifices to become homeowners

By Mike Wheatley | October 25, 2019
Home value growth is slowing compared to recent years, but that hasn't made affording one any easier, especially for younger generations. A majority of home buyers (55%) make some sort of financial sacrifice, like cutting their entertainment budget or reducing their savings, in order to buy a home, according to the 2019 Zillow Group Consumer […]
US Real Estate

Young adults flee big cities for small town life

By Mike Wheatley | October 17, 2019
Young adults are increasingly leaving bigger cities behind and setting up home in smaller towns, according to an analysis of data from the U.S. Census Bureau. The Wall Street Journal reports that an average of 30,000 people aged between 25 and 29 have departed from big cities each year since 2014. In addition, smaller cities […]
Residential, US Real Estate, Zillow

Millennials move home more often than older generations

By Mike Wheatley | October 8, 2019
Millennials are moving more often and living in their homes for a shorter period than previous generations. The share of young adults who have lived in their current home for less than two years is nearly 12 percentage points higher than in 1960, according to a new Zillow analysis. Younger adults have always lived in […]
US Real Estate

The New Suburbia-City

By Brian Kline | September 29, 2019
It’s time for suburbia as defined by the Millennials. Some people are calling it “Hipsturbia” but the tag “hipster” is a bit old for this new generation redefining what has been left to them by the baby boomers. I’m sure they’ll come up with a better tagline than Hipsturbia. It was only a short 18 […]
US Real Estate

Millennials Are Risking Their Retirement To Buy Homes

By Regina Gables | September 23, 2019
According to a recent survey, owning a home makes you happy. In fact, nine out of 10 homeowners reported that owning a home made them happier than renting. It's no surprise, then, that national homeownership rates reached 64.2% at the end of 2017. But that doesn't mean that everyone can afford to buy their own […]
Industry Technology, Real Estate Investing, Real Estate Technology

Why millennials are investing in real estate online

By Mike Wheatley | September 14, 2019
With millennials finding themselves priced out of their local housing markets, many are searching online for opportunities to invest in real estate elsewhere, according to a report in Curbed.com. The report notes that millennials are instead getting creative with their investments, which they see as a way to build up savings so that they can […]
Featured News, Home Buying, US Real Estate

Experts forecast growth in homeownership rates as millennials come of age

By Mike Wheatley | July 30, 2019
U.S. Census Bureau data published this week shows that the homeownership rate fell slightly to 64.1%, despite the fact that the number of new households is rising. That’s because most new household formations come from rentals, the number of which was larger than the amount of new homeowners for the first time since 2016. “The […]
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