Majority Of Millennials Have Homebuyer’s Remorse
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Majority Of Millennials Have Homebuyer’s Remorse

By CHUCK GREEN Regrets? Surely, most Millennials have had at least a few. But a majority of them who have purchased homes say they are disappointed with their choices. And, nope, it’s not because they couldn’t find a welcome mat that looked just right. If only. According to a survey by Real Estate Witch, Millennials…

Zoomers, Millennials Prefer Suburbs To Urban Living

Zoomers, Millennials Prefer Suburbs To Urban Living

Urban living is taking a back seat to spacious suburbs for both parent-aged Millennials and affordability-minded Zoomers. A recent report from StorageCafe found that housing markets in exurbs and suburbs grew faster than in principal cities over the last decade, so fast that typical life changes in the largest homebuying cohort, Millennials, can’t account for…

Young Buyers Willing To Accept Higher Rates

Young Buyers Willing To Accept Higher Rates

Young homebuyers tolerate high mortgage rates better than their older counterparts. Gen Z and Millennial respondents to a new survey say they will accept rates as high as 6.3% and 6.2%, respectively, in order to buy a home in 2024. Gen X and Baby Boomers, in comparison, won’t accept any rate above 6%. The survey,…

One In Five Millennials Believe They Will Never Own A Home

One In Five Millennials Believe They Will Never Own A Home

Young Americans’ homebuying outlook just keeps getting worse. Almost one in five Millennials (18%) and 12% of Gen Z respondents to a Redfin survey believe they will never be able to own a home. They overwhelmingly see affordability as their primary barrier, with half citing high prices as their biggest concern. Just under half of…

How To Increase Homeownership Rates For Millennials
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How To Increase Homeownership Rates For Millennials

By KIMBERLEY HAAS Addressing affordability issues by allowing for creative living solutions may be the key to getting more Millennials into homeownership. According to the 2023 Home Buyers and Sellers Generational Trends Report published by the National Association of Realtors, the share of Millennial buyers has declined. Millennials between 24 and 42 years old made…

What Will It Take To Get Millennials In Homes?
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What Will It Take To Get Millennials In Homes?

Despite being the largest cohort of potential homebuyers in the country, Millennials are lagging behind other generations in purchases. That applies to Baby Boomers now – who are snatching up the few homes for sale thanks to home equity and greater savings – and Boomers when they were the same age as Millennials today. Just…

Gen Z Is Buying Homes At A Faster Rate Than Millennials

Gen Z Is Buying Homes At A Faster Rate Than Millennials

Gen Z is proving that young Americans want to be homeowners and are willing to prioritize it. According to new Redfin data, Gen Z  is ahead of Millennials when it comes to homeownership, with 37% of Gen Z respondents already owning a home or planning to purchase one within the next five years. Only 32%…

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