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Not exact matches
«There's a deeper and more luminous group of
properties targeted
at Millennial females than there is for
Millennial males,» says Forman.
Three - quarters of
millennials surveyed by CBRE said they are living
at home because wages have not kept up with
property prices.
«Additionally,» it says, «these markets are continuing to draw interest from a younger crowd, as the older
millennial age group is viewing
property listings
at a rate 1.2 times greater than the share of older
millennials already living in the area, indicating strong interest from others wanting to move into these neighborhoods.»
Property Markets Group is overhauling the site of the failed Riverfront complex with X Las Olas, a development of «micro apartments» with relatively lower rents aimed
at millennials.
The mobility of renters presents an additional challenge, in that many
millennials only purchase renters insurance for the time they're required to have it while they live
at a given
property.
The mobility of renters presents an additional challenge, in that many
millennials only purchase renters insurance for the time they're required to have it while they live
at a given
property.
«Ultimately, the large
Millennial generation will make their presence felt in the owner - occupied market, just as they already have in the rental market, where demand is strong, rents are rising, construction is robust, and
property values increased by double digits for the fourth consecutive year in 2013,» says Daniel McCue, research manager
at the Joint Center.
The National Association of Realtors say 97 per cent of potential buyers look
at property online first (and 99 per cent of
millennials).
Best markets for renting to
Millennials Among the 516 counties analyzed there were 50 where the
millennial share of the population was above the national average of 22 percent, where the
millennial population increased
at least 5 percent between 2007 and 2013, and where potential annual rental returns on residential
properties were 9 percent or higher.
A new survey from Coldwell Banker Real Estate found significant consumer interest in smart homes: 57 percent of buyers looking
at pre-existing homes would consider these older homes «move - in ready» if they came with smart home features, and 61 percent of
Millennials would favor
properties with smart home features.
To determine the ten best cities for college grads, Rent.com looked
at cities with a population just over 100,000 with over 40,000 rental
properties and a high concentration (25 percent or more of the total population) of
millennials.
Older boomers, those aged 60 to 68 years, used a mobile device to search for
properties at less than half the rate of
millennials (30 percent versus 66 percent).