Category Archives: Economy
California Senate promises billions for affordable housing
Source: Curbed San Francisco Lawmakers in Sacramento are eyeing two prospective laws by Bay Area reps, one that would pour billions into affordable housing but also demand that cities start buckling down to build more—or else the state will...
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As existing home sales rise, median home price hits new high
Source: HousingWire Existing home sales rebounded in May as low inventory levels pushed median home prices to a new high, according to the latest report from the National Association of Realtors. And as competition increased, the median...
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Who’s Powering the Housing Market? Surprise! It’s Millennials
Source: Realtor.com Millennials are growing up, settling down and looking to buy a house — for the extra room and the investment opportunity. Millennials were the largest group of home buyers (34 percent) for the fourth consecutive...
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Homes have been getting bigger over the decades
Source: Realtor.com From extra bedrooms and bathrooms to more overall square footage, homes have been growing over the years, according to the U.S. Census Bureau's 2016 Characteristics of New Housing report. In 1978, more than half of new...
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America’s declining mobility has millennials feeling stuck
Source: Curbed LA According to the latest data from the U.S. Census Bureau, the percentage of Americans moving over a one-year period fell to an all-time low of 11.2 percent last year (domestic migration shrunk in half since 1965). The drop is...
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Millennials are powering the housing market
Source: NBC News Millennials were the largest group of home buyers (34 percent) for the fourth consecutive year, according to NAR's 2017 Home Buyer and Seller Generational Trends study. By comparison, baby boomers were 30 percent of...
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