According to a Pew Research Center analysis of census data, nearly one in five Americans live in multigenerational housing. In 2014, a record 60.6 million people, or 19% of the U.S. population, had multiple generations living in a single dwelling. While some may welcome parents or grandparents living under one roof, many would prefer a […]
Millennials Homeownership Rate Low due to Nonlinear Lifestages
The traditional, linear sequence of stages in one’s life no longer applies. In today’s high-paced, hyper-connected world, we cannot be comforted by the thought of a predictable, sequential life. This shift has affected all aspects of life including homeownership. A recent – well sort of recent – 2014 study by the Futures Company, found the […]
Top 10 Cities Where Millennials are Moving in 2016
Real estate brokers and agents love to track the moves of millennials, those born after 1980 and the first generation to come of age in the new millennium. We want to understand where millennials are moving. Why? There are 43.5 million millennials in the U.S. and the older group of millennials (aged 25 to 34) make up […]
The Wealth Gap Between Homeowners and Renters
We all intuitively know owning a home tends to increase one’s net worth. A recent Federal Reserve Survey of Consumer Finances quantified the wealth gap between homeowners and renters. If you currently rent , you may what to sit down. In 2013, the net worth of the typical U.S. homeowner was 36 times that of the […]