Despite media headlines to the contrary, millennials do aspire to own a home. However, millennials are approaching homeownership on their own terms.
When it comes to buying a home, Xers, Boomers, and Matures all plan to stay in their current home as long as possible, while Millennials plan to purchase their next or first home within the next 2-5 years.
Generation X may be the smallest generation, sandwiched between two mammoth generations, but as this savvy and pragmatic cohort reaches their peak earning years, their long-awaited moment in the spotlight is approaching.
They may make up only 9% of the current population and have a median disposable income of just $21,251, but they know what they want and it's not a nursing home. As Matures - those born before 1946 - enter their 70s and beyond, they're looking for Granny Pods and Next Gen homes.
Access to public transit is important, and Americans of all ages are willing to pay more to live where cars are not necessary. Here's who's willing to pay more for better transit options.
When it comes to purchasing a home, school districts and proximity of a house to school are ruling the home search for parents.
Those with a vested interest are more likely to care about their local community.
Consumers underestimate the impact of credit scores - and a significant number don't even know that credit scores are used by non-creditors.
Prospective home buyers face numerous challenges when it comes to achieving the American Dream of homeownership, but obstacles remain and often vary among ethnic groups.
The world we live in today is digital, and that means searching for a home is a digital process. Buyers have several ways to approach the house hunt - these are the tools they find most useful.