Category: Millennials

    • Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

      Some Highlights:

      • According to the US Census Bureau, “millennials” are defined as 18-36-year-olds.
      • According to NAR’s latest Profile of Home Buyers and Sellers, the median age of all first-time home buyers is 32.
      • More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!
      Written by Annette Bohannon
    • Americans’ Powerful Belief in Homeownership as an Investment

      The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, […]
      Written by Annette Bohannon
    • Millennials Are Increasing the Demand for Condominiums

      When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications […]
      Written by Annette Bohannon
    • Young First-Time Buyers Are Saving for Their Dream Homes

      Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features. According to a survey from Open […]
      Written by Annette Bohannon
    • Multigenerational Homes Are on the Rise

      As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old!  As a […]
      Written by Annette Bohannon
    • What Would Make You Sell Your House?

      There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). […]
      Written by Annette Bohannon
    • New Study Reveals One Surprising Reason for the Inventory Shortage

      There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While […]
      Written by Annette Bohannon
    • With Inventory Low: Will Your Dream Home Need Some TLC?

      According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value! Realtor.com’s Chief […]
      Written by Annette Bohannon
    • 5 Reasons Why Millennials Buy a Home [INFOGRAPHIC]

      Some Highlights:

      • “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
      • The top reason millennials choose to buy is to have control over their living space, at 93%.
      • Many millennials who rent a home or apartment prior to buying their own homes dream of the day when they will be able to paint the walls whatever color they'd like or renovate an outdated part of their living space.
      Written by Annette Bohannon

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    Ranked #1 Realtor in Tampa by U.S. News and World Report.

    Doug, Annette & Dale Bohannon

    Team Bohannon Real Estate Experts

    Keller Williams Tampa Properties
    Tampa, Florida

    (813) 979-4963

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