It’s a new year, and many wonder what that means for the real estate market. Last year proved to be near record-breaking: pandemic-led movement out of cities and into the suburbs, low inventory, high demand, and a lack of affordable housing options. Together, this perfect storm caused home prices to soar. Sellers were thrilled. Buyers […]
What Young Homebuyers Need to Know
With home prices skyrocketing and competition at an all-time high, it’s no surprise that for many young or first-time homebuyers, finding and purchasing a home can feel quite intimidating. According to a recent survey conducted by Michigan building company Lombardo Homes, a significant percentage of homebuyers aged 25-40 are feeling unsure about the process and […]
6 Considerations When Buying a Family Home
Buying a family home is one of the crucial moments in any young person’s life. Children change everything – from the way we spend our time to the places we live. When it’s time to buy a home for your new or growing family, consider the following factors to ensure you find the home of […]
Where is the Millennial Home Buyer? Why Fewer Young People Are Buying Real Estate
Homeownership has long been touted as part of the American Dream. However, for younger generations, that dream has been nearly unobtainable. With ever-increasing debt, rising home prices, and a trend towards urban living, millennials have been slower to buy than the generations before them. But the millennial home buyer is finally entering the market, and […]
Millennials and the Minimalism Trend
Millennials, Minimalism, and Real Estate: How a Younger Generation is Redefining Homeownership Millennials are entering the real estate market in droves. However, many of them are looking for vastly different houses than the generations before them. Instead of sprawling homes with large yards and plenty of square footage, millennials are trending towards minimalism: spaces that […]
Millennial Homebuyers: 7 Surprising Facts Realtors Should Know
Millennials have now overtaken Baby Boomers as the largest population in the United States. Marketing to millennial homebuyers hasn’t been a top priority for many real estate agents in the past, but that’s all starting to change. Adults under the age of 35 – those who identify as millennials – are now buying homes at […]