In the past, you've likely read about how the Millennial generation is opting to rent rather than buy property. While this still holds true for many Millennials, the fact is that a growing number of this generation is making the leap into buying. In fact, according to Inc., Millennials today represent the largest demographic of new home buyers, responsible for about 35 percent of all real estate purchases. (For comparison's sake, Gen X'ers are responsible for about 25 percent of the buyer's … [Read more...]
New Home Construction Boom Expected
The housing market has been trending in a positive direction and economic indicators point to new home construction going vertical. Following the housing bubble and sluggish post-recession economy, construction companies largely turned their attention away from new homes. Diminished values, high regulatory and materials costs served as deterrents to home-building. But the economic revival the country is experiencing - coupled with a housing shortage - has builders poised to jump back into the … [Read more...]
4 Reasons Millennials Should Buy A Retirement Home First
There's an idea running through marketing and business circles that anything that is popular, the opposite will likely be popular as well. Consider that sugar and caffeinated beverages such as Coca-Cola have seemingly opposite products like Coke Zero. That product, in turn, is offset in the marketplace by high-sugar, high-caffeine energy drinks such as Monster and Red Bull. In the housing industry, reverse living homes enjoy popularity. Basically, the bedrooms are downstairs while the kitchen, … [Read more...]
Buying A Home? Take Stock Of These Things
What are some of the most important factors that buyers take into consideration when looking for a new home? There are the obvious things like price, square footage, location and lot size. Those are the basics. Other things that are often weighed are garage size, how updated the kitchen and baths are and whether or not the basement is finished. All of these are very important to consider, but there are other more "hidden" aspects of a home that many prospective buyers may not take into account. … [Read more...]
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