Market Trends

Why More People Are Moving to Smaller Towns Exploring the Benefits and Challenges

Why More People Are Moving to Smaller Towns: Exploring the Benefits and Challenges

Urban Exodus: The Shift to Smaller Towns Rising living costs and the appeal of remote work are driving many to leave big cities for smaller towns. According to the U.S. Census Bureau, cities like New York and San Francisco saw population declines of 2% and 1.6% respectively in the past year. People are trading cramped […]

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Man working in construction of a home

How Rising Construction Costs Are Affecting Home Prices: What Homebuyers Need to Know

Overview of Rising Construction Costs Labor shortages and increased material prices fuel the surge in construction costs. Skilled labor is in high demand, pushing wages up. According to the U.S. Bureau of Labor Statistics, construction labor costs have increased by 5% annually over the past few years. Materials like lumber, steel, and concrete have seen

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The Popularity of Multi Generational Homes A Growing Trend in Modern Living

The Popularity of Multi-Generational Homes: A Growing Trend in Modern Living

Understanding Multi-Generational Homes Multi-generational homes host two or more generations of a family under one roof. These homes typically include grandparents, parents, and children living together. The concept isn’t new; it has historical roots in many cultures. Today, it offers numerous benefits beyond financial savings. A significant factor in the popularity of multi-generational homes is

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Lady holding a house model

Why Millennials Are the Biggest Group of Homebuyers Right Now: Key Trends and Insights

Understanding the Millennial Generation Millennials, born between 1981 and 1996, are now aged 27 to 42. This generation experienced unique socio-economic events that shaped their financial behaviors and perspectives on homeownership. Growing up during the technological revolution, millennials are tech-savvy and rely heavily on digital tools for research and decision-making. Economic instability in their formative

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Why Home Prices Are Rising in 2024 Despite High Interest Rates Key Factors Explained

Why Home Prices Are Rising in 2024 Despite High Interest Rates: Key Factors Explained

Overview of the Housing Market in 2024 Home prices in 2024 are seeing an unexpected rise. Limited housing supply remains a significant factor. Many markets, especially in urban areas, still face a shortage of available homes. Data from the National Association of Realtors (NAR) shows that the housing inventory in major cities dropped by 20%

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Why More People Are Renting Homes Exploring the Shift and Key Trends

Why More People Are Renting Homes: Exploring the Shift and Key Trends

Urbanization And Demographic Changes Urbanization and demographic changes significantly impact the shift toward renting over buying. Rise Of Millennials And Gen Z Millennials and Gen Z individuals prefer renting due to lifestyle flexibility and delayed milestones. Renting offers the mobility to change cities or jobs without property sale constraints. Many Millennials carry student debt, impeding

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