The typical homeowner in 2024 has spent 11.9 years in their home, up from 6.5 years in 2005, according to Redfin data
In 2020, nearly half of homesellers were baby boomers or part of the silent generation, but through the next year, a whopping 80% of luxury sellers will be millennials and Gen Xers
About 6% of new single-family homes are built for the purpose of being rented out, which would yield roughly 700K new single-family units being constructed over the next 10 years, a number well short of current demand, according to RCLCO Real Estate Advisors
Coldwell Banker has found that millennials, Gen Xers and baby boomers are all remarkably similar when it comes to their preferences for things like proximity to friends and family
12% of all buyers bought multigenerational homes last year
Millennials and Gen-Xers alike flocked to agents in 2018, setting a record high for the 17-year-old REAL Trends Consumer Study
Part one of Redfin's housing market sentiment survey underscores effects of politics and society
Good public transit and short commutes are also becoming more important to buyers
Opinion
E.J. Footer shares his experience shedding the Realtor name
An uptick in homeownership within this generation could represent a wave buyers re-entering the market after foreclosure
Markets are facing a shortage of inventory -- a problem especially for first-time buyers
Even in the midst of a technology-driven society, face-to-face interactions are still the most crucial form of communication
Homeownership continues multiyear decline as number of renter households hits 20-year high