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[...]
Millennials and Boomers - Both seek walkability and amenities such as shopping, dining, and entertainment St. Bourke, a leading asset management and property development company, examines the driving forces behind the current housing market. With the company's expertise in developing lots for single-family home builders and designing dynamic communities for sale and rent, St. Bourke has a unique understanding of the market[...]
Unlock a lifestyle complete with sought-after amenities, flexible floorplans and more in linked locations across Georgia with Ranch Cottages for Rent! Designed with renters by choice in mind, The Cottages currently has six communities leasing, ideal for millennials, active adults and seniors searching for a new beginning! With five floorplans straight from the brilliant minds at Jim Chapman Communities, each floorplan[...]
The rise in student loan debt is a constant subject on the news, and it is often listed as one of the main reasons why Millennials are slow to enter the housing market. Statistics from a recent survey conducted by The Harris Poll on behalf of CNBC Make It show that U.S. adults age 33 to 40 have an average[...]
The 2018 Fall Homebuyer Insights Report from Bank of America shows that 72 percent of millennials continue to approach life differently than generations before them as they prioritize life differently. Millennails value homeownership over almost everything else including marriage (50 percent) and having children (44 percent). These 23- to 40-year-old millennial buyers also associate the purchase of a home with being[...]
Last month, Aetna Insurance Company announced it is leaving the Insurance Capital of the World in Hartford, Connecticut for New York City. McDonald's moved from Oak Brook, Illinois, its home for decades, to Chicago's West Loop. More corporations, including Motorola, General Electric and more have decided to go downtown instead of staying in the suburbs where they have been headquartered[...]
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[...]
Millennials, they are taking over the world with their hipster jeans, nerdy glasses, and penchant for Apple products and Starbucks. No, these aren’t the ramblings of an annoyed old man, it’s simply the truth. Not only are Millennials taking over the world, they are growing up and starting to take over the new home market, and they have great taste,[...]
There are countless options for millennials when it comes to accessing information about how best to handle their finances. However, although easily accessible, this information isn’t always relevant to a demographic that is living in a world different from that of their parents. There is a huge gap between the advice financial planners are trained to provide and the advice[...]
A recent study by the National Association of Home Builders (NAHB) has revealed that more than half of Millennials are "boomerang Millennials," meaning they initially move out of their parents’ home only to move back in. Because Millennials are a key demographic for the housing market, this study could have important implications for housing trends in the coming year. The NAHB[...]