Author: jaybuysdetroit

By: David Greene at Forbes In 2005, everyone was buying houses. It was common knowledge you were stupid to wait. House prices flourished and loans flowed like drinks at an open bar. Lots of people made money—until they didn’t. In 2009 the music had stopped and people were frantically looking for someone to pass the … Continued

    By: Zillow Research A decade after the collapse of the housing market and start of the Great Recession, home values have more than recovered in most of the nation’s largest markets. The markets with the highest gains above the mid-2000s bubble are primarily in the West and Southwest. San Jose – the nation’s … Continued

By: Zillow Research  Young, highly-educated millennials earn more than typical American workers (and much more than their non-college-educated peers), make up a growing share of the population in some of the nation’s fastest-growing and most-dynamic cities, and are disproportionately likely to work in well-paid tech jobs. And still, they’re struggling – mightily, in many cases – … Continued

By: Aaron Terrazas at Zillow Research Trying to time the housing market, like trying to time any market, is a bad idea. Even the experts make mistakes, and a home is the most valuable asset that most people will ever own, so it’s especially important not to gamble with it. In the end, the best … Continued

By: Aaron Terrazas at Zillow Research The idyllic, picket-fenced, detached, single-family home in the suburbs remains a mainstream standard of what home ownership should look like. But around the edges, the image of the ideal American home is beginning to evolve, if only slightly. Especially for younger Americans. A decade after the 2008 housing crash … Continued

  By: Sarah Mikhitarian at Zillow Research While home shoppers tend to focus on listing prices, owning a home includes a heap of expenses that aren’t included in that sticker price — and they vary considerably by market. Obviously nobody chooses where they live based on how high lawn service costs are, but it’s smart … Continued

By: Aaroan Terrazas at Zillow Research  There has been some speculation that young Americans, scarred by the 2008 financial crisis that marked their most-formative years, would be more skeptical of investments in real estate than their older peers. But survey data collected over the past two years as part of the Zillow Housing Aspirations Report … Continued

  By: Paul Esajin at Fortune Builder 1) The rely on technology. Millennials are living in a world that is ruled by technology. Answers to even the most obscure questions can be accessed in seconds with a few quick taps of the fingers. This is affecting the way millennials view the home buying process. Millennials are … Continued

          By: Leslie Heimer at HousingWire  FACT: Nearly half of Millennials (now between the ages of 20 and 37) live in suburbs. FACT: New Home Inventory is low… very low. However, builders are trying to find a way to increase construction of new, entry-level homes to accommodate the growing need. This is good news as … Continued

          By: Arren Kimbel-Sannit at  The Seattle Times  Millennials are buying homes. Never mind the punditry that the plastic straw-hating snowflakes are stuck in overpriced apartments because they keep opening their wallets for $7 avocado toast. They made up 34 percent of American homebuyers in 2017, more than any other age … Continued