In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.
The post Renovation spending has jumped 60% since 2020 appeared first on Atlanta Agent Magazine.
Category: millennials
Opendoor: A portrait of first-time homebuyers in 2023
Many buyers entered the housing market for the first time in 2023. But who were these first-timers, and what did their homebuying experience look like?
The post Opendoor: A portrait of first-time homebuyers in 2023 appeared first on Atlanta Agent Magazine.
This is the magic mortgage rate number to reignite the housing market
Lower mortgage rates are the one thing that could draw buyers back into the housing market, according to a new survey from Realtor.com. The magic number? Around 5%.
The post This is the magic mortgage rate number to reignite the housing market appeared first on Atlanta Agent Magazine.
These Are the Best Cities for Singles Looking for Love—and the Ones To Avoid
Looking for love? Young single professionals might want to move to this Midwestern city where home and rental prices are still affordable.
The post These Are the Best Cities for Singles Looking for Love—and the Ones To Avoid appeared first on Real Estate News & Insights | realtor.com®.
Is homeownership on the horizon for American millennials this year?
Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.
The post Is homeownership on the horizon for American millennials this year? appeared first on Atlanta Agent Magazine.
The Housing Shortage Hits Crisis Levels: What Homebuyers, Sellers Need To Know Before Making a Move
The nation is in the clutches of the largest housing shortage it’s ever experienced—resulting in high home prices and bidding wars.
The post The Housing Shortage Hits Crisis Levels: What Homebuyers, Sellers Need To Know Before Making a Move appeared first on Real Estate News & Insights | realtor.com®.
How each generation feels about homeownership in America
Motivations for homeownership are varied across generations: Gen Z and Boomers made the decision for better living conditions, while Gen X and Millennials were in search of stability they couldn’t get while renting.
The post How each generation feels about homeownership in America appeared first on Atlanta Agent Magazine.
Perception of a seller’s market fails to deter younger buyers, new study finds
Homebuyers in their 40s and younger are still planning to buy homes, even though most believe the market favors homesellers.
The post Perception of a seller’s market fails to deter younger buyers, new study finds appeared first on Atlanta Agent Magazine.
NAR Generational Trends Report: Millennials fall back while Gen Z doubles its market share
NAR’s annual Home Buyers and Sellers Generational Trends Report reveals that millennials are losing their market share — fast — while baby boomers and Gen Z make new gains.
The post NAR Generational Trends Report: Millennials fall back while Gen Z doubles its market share appeared first on Atlanta Agent Magazine.
It’s Baby Boomers vs. Millennials in the Housing Market’s Hunger Games—Guess Who’s Winning?
Baby boomers are pitted against millennials in today’s cutthroat housing market, where there is a shortage of homes and cash reigns supreme.
The post It’s Baby Boomers vs. Millennials in the Housing Market’s Hunger Games—Guess Who’s Winning? appeared first on Real Estate News & Insights | realtor.com®.