“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
The top reason millennials choose to buy is to have control over their living space, at 93%.
Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they’d like, or renovate an outdated part of their living space.
Category Archives: Real Estate News
Why Millennials Choose to Buy
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Telecommuting Today
Changes in technology have brought about one of employees’ favorite workplace trends: telecommuting. Given the benefits it offers, many employees are seizing the opportunity to work from home.
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Homeowner’s Net Worth > Renter’s Net Worth
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). The latest survey data, covering 2014-2016 will be released later this year….
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Opting for the Outdoors
When it come to choosing between a home with more square footage or one with larger outdoor space, prospective home buyers are opting for the outdoors.