Steven John, provided by Published 10:11 am EDT, Sunday, June 16, 2019 Getty Images For millennials, the housing market looks a lot different than it did for their parents and grandparents. Rising housing costs and mounting student debt have led millennials to buy different types of homes in different types of locations than their parents did. Millennials are buying under different circumstances, too, often waiting longer, buying before marriage, or living with their parents to save cash so they don't have to wait years for homeownership. Below are nine surprising facts about the millennial housing market that put it in perspective. Visit BusinessInsider.com for more stories. The housing market looks a lot different today than it did a couple generations ago. That's something that more and more millennials, the group between the ages of 23 and 38, are discovering firsthand every day, whether they're renting their first apartment or already on to their second purchase … [Read more...] about 9 mind-blowing facts about the millennial housing market
Jim Gaines Knoxville News Sentinel Published 8:55 AM EDT Apr 25, 2019 Finding a first house was harder than Cara and Adam Grigsby expected. The Knoxville natives lived in Oregon for eight years, but moved home to friends and family after having three daughters, Cara Grigsby said. They were tired of moving from rental to rental and changing schools, she said. “I have always had a deep desire to own a home, to make a space that was ours,” Grigsby said. So in early 2018 they began house hunting. “It was so frustrating because everything was selling so fast,” she said. “We put an offer on one house that we loved, but it had five other offers and we didn’t get that one.” Millennials are one-third of today's homebuyers The Grigsbys, both age 32, are among many millennials looking to buy a first house. Though the term is flexible, “millennials” are generally considered to be people born in the 20th century but who grew up or became … [Read more...] about Knoxville homes for sale: Millennials are one-third of homebuyers
Grace Browning in her Spectra at Sibley Square apartment. (Photo by Julia Coronelli) When Grace Browning arrived in Rochester from Dallas last year, she was looking for an apartment that was within her budget, was close to work and had some common amenities. And it had to be dog-friendly. “I couldn’t say exactly what my dog is because she’s a rescue. One place I was looking at, they were like, it looks like she might have some Pitbull,” Browning, 32, recalls. “If you don’t want my dog then I don’t want you.” So Browning kept looking, and eventually found herself in the heart of downtown at Spectra at Sibley Square, where she and her dog were welcomed with open arms. Her 10th-floor apartment overlooks Main Street and Parcel 5, the Metropolitan, and she can see the Eastman School of Music, which she attended more than a decade ago. “I’ve had to live in a lot of different cities as a musician. As a harpist, you have to go where … [Read more...] about Millennials key drivers of housing market
The realtor.com data team set out to find the markets where home sellers are walking away with the biggest profits. Lance Lambert, provided by Published 5:00 am CDT, Monday, July 23, 2018 Photo: Bloomberg/Getty Images; Mike Kline/Getty Images;Alex Zyuzikov/Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Bloomberg/Getty Images; Mike Kline/Getty Images;Alex Zyuzikov/Getty Images Here are America's Most Profitable Housing Markets: Cash In! 1 / 1 Back to Gallery Throwing down some hard-earned cash on blackjack or craps at the local casino is enough to make some folks break out into a cold sweat. But when it comes time to buy a home, the ante gets raised to truly nerve-racking levels: They're making the biggest wager of their lives on what'll likely be their largest investment. Ever. Owning a home … [Read more...] about Here are America’s Most Profitable Housing Markets: Cash In!
opinion Jacob Winge Director, East Naples Civic Association Published 8:24 p.m. UTC Jul 21, 2018 There’s been a lot of talk and little action during the reign of this current Collier County Commission. Every day we pay for another study and hire another team of consultants and then three or four months later we get an action plan to solve some issue and then totally reject it and go back to the cycle of hiring attorneys, consultants and planners. One issue in particular is “affordable housing.” The term is only used by county leaders to skew the number of housing units in commission districts where the current county government and Habitat for Humanity organization either own land, want to buy land or have alternative sites (parks) available to turn to housing. This doesn’t take into respect other sources of market housing that is affordable. In an East Naples Civic Association analysis of ZIP codes 34104, 34105, 34112, 34113 and 34114, it was … [Read more...] about Commentary: Housing, economic diversity matter to millennials