As the largest generation in the country, Millennials are taking the homeownership world by storm. According to RentCafe, the number of Millennials who own a home has significantly increased within the last five years. With 52% of Millennials owning a home, the generation is no longer a renter-majority demographic. Millennial homeownership reached 18.2 million in 2022, making Gen Y the second fastest-growing[...]
Good news for Atlanta home builders targeting Millennial first-time home buyers! The state of Georgia was recently ranked No. 5 for Millennial movers, while the city of Atlanta was also ranked as one of the top 10 markets for first-time home buyers – many of which are Millennials. This group, which currently totals 71 million individuals, is expected to surpass the[...]
Owning a Home is Still the American Dream This month, Atlanta Real Estate Forum joins with the National Association of Home Builders to celebrate National Homeownership Month along with home builders, developers, contractors and suppliers to the construction industry. And there is good reason to celebrate as new research shows a household’s primary residence is its largest asset and continues to[...]
According to a report from HotPads, millennials will spend approximately over $200,000 in rent before they choose to buy a home, but renters in Generation Z (Gen Z, Gen Z-ers) will spend even more. In fact, Gen Z-ers will spend even more to rent before buying homes than any previous generation has spent. YIKES! Millennials and Gen Z -- it[...]
CNBC recently reported that "millennial-age Americans are prioritizing their furry best friends over nuptials or babies when it comes to house hunting." According a recent SunTrust Mortgage survey, 33 percent of millennials who bought their first homes said that the need for dog-friendly features including yard space, a dog-friendly community or more interior space influenced their choosing to buy instead of[...]