About 14.3 million Millennials still live at home with their mothers, now accounting for a fifth of all Americans in that age range, a 9.2 percent increase from 2000.
Once again, the Phoenix metro has the highest net inflow of home searchers hoping to move to the area, according to the latest quarterly Redfin data.
Following employment opportunities and more affordable housing markets, Millennials are increasingly heading to smaller cities like Durham, N.C., Grand Rapids, Mich., Oklahoma City, Omaha, and more.
The Q1 2019 reading from the National Association of Home Builders single-family 55+ Housing Market Index hit 72, the highest reading since the index was created in 2008.
NAHB Housing Policy Briefing | For many U.S. households, owning or renting a home is increasingly out of financial reach. NAHB is working to encourage collaboration and innovation to address the affordability issue
Based on affordability, lending, and home price data, a new ranking offers the 10 best U.S. markets for first-time homebuyers. Texas came out on top with the three cities in the top 10, two in the top three, and has the best city overall, Fort Worth.
According to Rick Palacios Jr., director of research for John Burns Real Estate Consulting, “The stigma of renting has ... gone away,” and this is proving especially true for Baby Boomers entering their Golden Years.
