Sentences with phrase «purchased by millennials»

Home purchases by millennials ticked up over the past year, but inventory constraints and higher housing costs kept their overall activity subdued and prevented some from leaving the more affordable confines of their Gen X and baby boomer parents» homes.

Not exact matches

Forty - seven percent of Millennials are influenced by social media when making a purchase.

Just as baby boomers took over business, politics, and the consumer economy during the 1980s and»90s, millennials currently in their mid-20s will make up the majority of jobs and big - ticket purchases such as houses and cars, Slok wrote in a recent brief, which was first reported by Axios.

A company can connect with the new status currency by demonstrating to Millennials that its brand's soul is aligned with their values and that customers are doing good by purchasing that brand.

Millennials are also leading indicators of the new «status currency» — the status and values that consumers wish to project through their purchasing decisions and their brand affiliations.3 One way a company can connect with this new status currency is by convincing Millennials that they are «doing good» when they purchase its brands.

Those homes are more likely to be purchased in the close suburbs rather than in urban cores, according to an analysis of U.S. Census data by real - estate listing firm Trulia, which found that millennial growth in big - city suburbs was 1.4 percent in 2013, compared with 1.2 percent growth in dense cities.

According to Nielsen, one - in - four households tried a meal kit in 2017 but it is the millennial and generation X customers who are more likely to keep purchasing them by a whopping 321 percent over older generations.

Millennials increasingly buy organic bread Millennials increased their purchases of organic bakery items by 39 % in 2015 versus an increase of 8 % for all bakery items, said Sally Lyons Wyatt, executive vice-president and practice leader for Information Resources, Inc., a Chicago - based market research firm.

Melinda's growth is being propelled in large part by four key factors: the increasing popularity of spicy foods; America's rapidly expanding population of Central, South American and Caribbean immigrants; the widely recognized health benefits of chile peppers; and the growing purchasing power of Millennials who are more apt to experiment with new spices and flavor profiles.

According to a United States study conducted by the Organic Trade Association, Millennials are big buyers of organic products and becoming a parent will deepen their desire to purchase organic goods.

Eating On the Go With 70 % of millennials purchasing grab - and - go sandwiches, restaurants have a tremendous opportunity to grow their sales by adding portable options to their menus.

Adding to any stress they feel may be the fact they're weighed down by their purchases — millennials revealed they are more likely to lie about how much they spend on something than the older generations.

Plans to purchase vary significantly by age group: 74 % of renters under the age of 35 (millennials) plan to buy a home in the future, while just 25 % of renters over the age of 55 say the same.

A recent study commissioned by Effective Coverage and performed by ORC International found that millennials who make up the 18 - 29 age group are 50 % less likely to purchase home and renters insurance from a local insurance agency than their parents.

When millennials are making a major purchase — defined by this survey as a single purchase of $ 500 or more — 61 percent said they seek help from a sales associate.

Delivered by Nathan Richter, partner at Wakefield Research, a Washington, D.C. - based market research firm, the presentation focused on a number of trends among Millennial pet owners and how they are potentially impacting purchasing decisions among this expanding customer base.

In addition to a keynote address by Former Secretary of Commerce and Transportation Norman Minetea, sessions and speakers for the 2014 conference include: The Millennial Pet Owner This session will explore the market power of the Millennial generation of pet owners and will include insights into key trends, preferences and purchase behaviors of this market segment.

Hart points out that the while the Baby Boomer generation, with its significant purchasing power, continues to power pet store sales, current estimates have Millennials outnumbering Boomers by up to several million.

While millennials are more apt to purchase something for themselves while shopping for their pets, those surveyed by zulily did not feel like a trip to the pet store provides enough additional education.

By comparison, millennials do the bulk of their spending — or $ 5,200 — using a debit card, check or cash, and make just $ 3,300 in credit card purchases.

«Additionally, when looking at the reasons why Millennials are purchasing more, trip type stands out as the number one driver behind Millennials» increased predilection to buy travel insurance, followed by travel health concerns and increased knowledge of what travel insurance does.»

Revealed in a recent study commissioned by Effective Coverage and performed by ORC International, what we do know about millennials is that they aren't likely to purchase home and renters insurance from local agencies.

A recent study commissioned by Effective Coverage and performed by ORC International found that millennials who make up the 18 - 29 age group are 50 % less likely to purchase home and renters insurance from a local insurance agency than their parents.

Although most purchases by all generations were in a suburban area, the share of millennials buying in an urban or central city area increased to 21 percent in the past year (19 percent a year ago), compared with only 12 percent of older boomers (unchanged from a year ago).

As NAR found in a survey released last year, student loan debt is delaying purchases from millennials and over half expect to be delayed by at least five years.

According to a recent survey of site visitors recorded in June by realtor.com, 65 percent of older millennials (ages 25 - 34) say they intend to purchase a home within three months — an increase of 12 percent compared to just six months ago.

Those looking to buy may want to consider a winter home purchase in order to avoid bidding wars and higher prices spurred by a potential increase in millennial buyers.»

Further, experts say that demand for homes for sale will continue to grow — and especially be dominated by older millennials ages 25 to 34, who may represent as much as one - third of home purchases this year.

«It is forecast that the number of Millennial households will increase from 13.3 million in 2013 to 21.6 million in 2018, and they will spend more than $ 2 trillion on home purchases and rent by 2018 [7].

But according to a new study performed by Zillow the Millennials are making their own waves in the housing market with their new approaches to shopping, financing and purchasing.

According to the analytics firm CoreLogic, 43 percent of all home purchases in the past year were made with down payments of 5 percent or less, often by millennials, first - timers and minority buyers.

By comparison, only 21 % Millennials and 24 % Gen Xers plan to spend under $ 150,000 on their next home purchase.

The survey, which was answered by more than 6,500 buyers, shows that 80 percent of millennial and generation X buyers believe purchasing a home is a good financial investment.

«Over 80 percent of millennial and Gen X buyers consider their home purchase a good financial investment, and the desire to own a home of their own was the top reason given by millennials for their purchase,» he said.

A study released in April by Coldwell Banker Real Estate LLC revealed that 17 percent of married couples surveyed purchased a home together before their wedding day, and millennials seem to be pioneering this trend; 25 percent of married couples between the ages of 18 to 34 purchased their first home together before their wedding date, compared to 14 percent of those ages 45 and older.

South Florida has an especially high population of millennials, many of whom prefer to rent by choice in an amenity - rich, luxury apartment building rather than dealing with the challenges of purchasing a home,» said Art Falcone, managing principal with Encore, in a prepared statement.