Kids have a greater influence on real estate decisions nowadays than they did in the past, according to a Coldwell Banker Real Estate survey of 2,800 parents spanning three generations.

Sixty-seven percent of millennial parents (aged 18 to 34) said their child’s immediate emotional well-being was a more important factor when considering a move than long-term benefits like a career opportunity in another city. That compares with 64 percent of Generation X parents (aged 35 to 49) and 54 percent of boomer parents (aged 50 to 69) who said their kids took precedence.

A recent analysis by Redfin suggests homebuyers are often willing to pay steep price premiums for homes served by top-ranked schools. Source: marketwatch.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top