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.
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Category: baby boomers
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%.
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Thinking About Retiring? This Is the Best State in America for Retirees
Forget Florida. The best place to retire in 2024 is this cold-weather state where seniors can find afford homes and not pay taxes on retirement income.
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America’s Most Affordable Retirement Towns, 2023 Edition
For those nearing retirement, one of the most pressing questions to answer is this: Where should you spend those golden years?
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Millennials Are Losing the Home-Buying Edge to Baby Boomers
Millennials are getting priced out and outbid by older, all-cash buyers, real-estate group says.
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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.
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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.
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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.
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Forget the Sunshine State: This Small City in Pennsylvania Is America’s Best Place To Retire in 2022
As home prices have soared in the Sun Belt, many looking for the best place to retire are trading warmer temperatures for more affordability.
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The 10 Best—and Most Affordable—Places To Retire in America, 2022 Edition
Retirees can find vibrant, exciting places to retire—without blowing their savings. These are the 10 best, affordable spots to retire.
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