Tag Archives: millenials

New Study: 84% of Millennials Believe Homeownership Is Still Part of the American Dream, But There Are Hurdles to Overcome

Posted on by
Reply

– A new survey from Clever Real Estate reveals a full profile of the Millennial home buyer, uncovering insights from how they find homes to what they want to buy. Key insights include:

– Millennials are thinking long term about where they buy: They value safe neighborhoods and good school districts over walkability and short commutes.

– Millennials are 52% more likely to buy a multi-family property compared to older generations (Generation X and Baby Boomers).

– Millennials won’t shy away from a fixer-upper. 67% would put an offer on a home that needs major repairs.

St. Louis – Jan. 17, 2019 (PRNewswire) The 2019 Clever Real Estate Home Buyer Report surveyed 1,000 U.S. residents in the market to buy a home within the year. Over half of respondents were classified as Millennials.

Clever Logo

78% of Millennials are first-time home buyers and 38% aren’t working with an agent to find a home (and might not realize sellers usually pay buyer agent commission).

Despite the popular belief that Millennials are short-sighted and flippant, most Millennials value good school districts and safe neighborhoods over walkability and short commutes. Only 9% of Millennial home buyers are afraid of being tied down to a home. Millennials believe buying a home is a good investment, and they’re thinking long term about their decisions.

In fact, Millennials are looking to get into real estate investing. Millennials are 52% more likely to buy a multi-family home than older generations. They see the benefit of becoming landlords and generating passive income to help pay off their debt.

With Millennials struggling to pay off debt and save for a down payment, many home shoppers realize they can’t afford a huge mortgage payment every month. Due to their financial constraints, Millennials are also willing to take on properties that need repairs. 67% would put an offer on a home that requires major repairs (this could be dangerous for many buyers that don’t realize the true cost of homeownership).

The full report, including insights, analysis, raw data and methodology, can be found here:

https://listwithclever.com/real-estate-blog/millennial-home-buyer-report/

Clever Real Estate

Clever Real Estate connects top real estate agents with home buyers and sellers at a discount rate. This survey was conducted using Pollfish to help Clever better understand the Millennial home buyer.

Millennial Must-Haves: The Price of Youth

Posted on by
Reply

If we know one thing for certain about Generation Z, it is that their diet exclusively consists of avocados, Big Macs and coffee. They shop for blue jeans and sneakers on their brand-new iPhones and only meet up with friends in the real world to Netflix and Chill.

This at least, is what analysts of UBS may believe according to the product basket they compiled in order to measure the cost of living for millennials in different cities around the world. Certainly, even though the surveyed products paint an incomplete picture of a teen’s material necessities, they nevertheless are items which matter to youngsters around the world.

In Hong Kong, teenagers live especially cheap mainly because iPhones, notebooks and sneakers are manufactured just around the corner. New York, Toronto and London rank far below Buenos Aires and Johannesburg, cities with relatively low average living costs.

Millenial Infographic

Millennials Are Leading An Investment Revolution

Posted on by
Reply

Nuveen’s Third Annual Responsible Investing Survey of over 1,000 affluent investors found there is increased interest in working for, buying from, and investing in socially responsible companies. This is even more true among the millennials surveyed.

92% of millennials agreed with the statement “I care more about having a positive impact on society than doing well financially,” compared with only 52% of non-millennials.

Business Insider interviewed a few millennials and asked them what makes their generation different. They said access to information, aligning themselves with brands on social media, and growing up in more comfortable economic circumstances than their parents and grandparents.