A new Redfin report shows homeowner tenure has doubled since 2005, mainly due to older Americans aging in place. But tenure still falls short of the 2020 peak.
A new report from Redfin on homeownership shows empty nester boomers own twice as many large U.S. homes as millennials with children. As more of these empty nesters decide to downsize, agents have a unique opportunity to match-make.
Lance Lambert, founder of ResiClub, appeared on last week’s Knowledge Brokers Podcast to discuss, among other things, the ‘silver tsunami’ theme in real estate and Meredith Whitney’s projections on housing supply in 2024.
Two respected analysts, Ivy Zelman and Meredith Whitney, spoke recently on the aging homeowner population and its impact on household growth and the overall U.S. housing market—an impact Whitney described as a “silver tsunami.”
A new report from RentCafe shows one in five millennials (20%) and two-thirds of Gen Zers (68%) live with family members in multigenerational homes, taking longer to leave than previous generations at their age. And many don’t expect to move anytime soon.
Reports from Real Estate Witch and Zillow reveal some interesting statistics on haunted houses and the people who buy them—as well as what buyers perceive as scarier than rooming with ghosts and the lengths sellers will go to to unload a haunted property.
Zillow has released its 2023 Consumer Housing Trends Report showing that 50% of those purchasing homes in 2023 are first-time home buyers. That’s the highest share recorded by Zillow and up from 45% in 2022 and 37% in 2021.
A survey by Mphasis Digital Risk shows 66% of respondents (aged 46 and under) go online to check the values of homes owned by friends and acquaintances; nearly eight in 10 (79%) of those are bothered by what they find.
A recent study by StorageCafe finds more than a fifth of Americans, led by Gen X, use self-storage, with the primary reason being a lack of sufficient space at home.
Byron Lazine and Nicole White discuss what millennials and Gen Z think it will take to become a homeowner, the boomerang effect of real estate agents returning to their old brokerages, and advice from Monica Church on the type of videos agents should stop making.
In the race to homeownership, Gen Z gained a slight edge over their parents’ generation. A new Redfin report shows 30% of Gen Z reached homeownership by age 25 in 2022, compared to 27% of Gen X, 28% of millennials, and 32% of baby boomers at that age.
New Zillow research reveals over half of Gen Z and millennials who are not homeowners believe they would have to win the lottery to afford a home purchase.
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