Melissa Lewis - REALTOR®’s Post

When consulting with real estate brokers, investors, and developers about converting opportunities to reality, I always ask questions like "Exactly who should live (or work) there?" The answer might be more focused on an age group, a nationality, or an economic level, and often more than one of those. This is where current and dedicated market research enters the picture. For example, before you create a new or renovated home ownership for millennials, consider that it's an age group that is statistically "behind" other generations in becoming homeowners. Before you argue that millennials are buying a good number of homes in certain areas, you should know whether or not your "opportunity" targets an area with solid potential. Which age group or "generation" is best to target? If you don't have a research person or team on your side, you could guess. My team and I can take the guesswork out of your real estate future. Or, if you do have a research person, you are probably making important decisions with unbiased outside information like this: https://lnkd.in/gVZC8aeM #millennial #HomeOwnership #NewHomes #WhereToBuild #AffordableHousing #MillennialHousing #SingleFamily #condos #MarketResearch #research #firstin

🏡💡 Are you staying in your home as you age? Let's explore why this trend is impacting the housing market and what it means for buyers and sellers. Key Insights: - 78% of older homeowners plan to age in place due to financial reasons and improved accessibility. - Baby boomers owning homes with no mortgages or low interest rates choose to stay put. - The lack of housing options for seniors and government priorities contribute to the trend. - Impact on housing shortage, inventory levels, and affordability as baby boomers hold on to their homes. - Young Americans face challenges finding family homes due to the trend of older homeowners staying put. As a Realtor and marketer, it's crucial to understand these dynamics shaping the real estate landscape. How do these trends influence your future housing decisions? Let's start a conversation! 🏠💬 #RealEstateTrends #HousingMarket #AgingInPlace #Homeownership #PropertyMarket #FloridaRealtors

'But one economist pointed out that the city’s push for more density combined with developers’ motive to make a profit can clash with the need for units to be suitable for families. He predicts millennials will continue the growing trend of leaving Toronto in search of more affordable homes that do suit their needs. “Millennials or people who are getting ready to start a household are gonna have to find that type of housing supply somewhere, and that would likely be outside of the city,” said Jordan Nanowski, Canada Mortgage and Housing Corp.’s (CMHC) lead economist for the Toronto market. “That’s a trend I don’t see changing.” The city report acknowledges people of child-bearing and child-rearing years (15 to 54) are already leaving Toronto for elsewhere in the GTHA; the exodus nearly doubled from about 37,500 people leaving between 2011 and 2016 to about 72,300 leaving between 2016 and 2021. There are also fewer people aged 35 to 54 living in Toronto now than there were in the past due to people in that age group leaving the city, the report says.'

Florida millennials are facing above-average home prices, making it challenging for them to enter the housing market. Despite this, many young adults in the state are determined to overcome these obstacles and achieve their dream of homeownership. The real estate market in Florida is competitive, but with careful planning and research, millennials can find affordable options that suit their needs. Keep an eye on market trends and stay positive – your dream home may be closer than you think! 🏡📈https://buff.ly/4goAgsw . . #chrissellscentralflorida, #remax, #remaxheritageprofessionals, #polkcountyrealtor, #polkcountyrealestate, #winterhavenrealtor, #winterhavenrealestate, #55+realtor, #newhomespecialist

Generation Z has been recognized as one of the most diverse and potentially best-educated group in American history, positioning this demographic cohort to potentially become the highest-earning demographic yet. Meanwhile, #housing #affordability continues to be a pressing issue. Research by RENTCafé reveals that #GenZ will spend 30.2% of their income on homeownership between 22-29 years old, making the decision to rent a more affordable option, lifestyle preferences aside. A well operated multifamily asset will continue to thrive, capitalizing on the opportunity for long term tenancy and various additional revenue sources that cater to this clientele. https://lnkd.in/gb2KAmPt 

Generation Z has been recognized as one of the most diverse and potentially best-educated group in American history, positioning this demographic cohort to potentially become the highest-earning demographic yet. Meanwhile, housing affordability continues to be a pressing issue. Research by RENTCafé reveals that Gen Z will spend 30.2% of their income on homeownership between 22-29 years old, making the decision to rent a more affordable option, lifestyle preferences aside. As shared by John Francis Rodiles, "A well operated multifamily asset will continue to thrive, capitalizing on the opportunity for long term tenancy and various additional revenue sources that cater to this clientele." https://lnkd.in/gHdbwrcj 

Really well done piece on build-to-rent housing. “As millennials enter a new phase of life, many are in search of affordable, right-sized housing. In the process, they are taking “suburbanization” to a whole new level.” #housing #sfr #btr https://lnkd.in/e3g8efgc

Rising home prices and economic shifts have made it increasingly challenging for younger generations to achieve homeownership. Sara Coers, Associate Director of the IU Center for Real Estate Studies points out how prior economic circumstances have affected Millennials, labeling them as "victims of freak circumstances." Coers highlights the critical oversight in housing supply following the last recession, contributing to the current imbalance in the housing market. Despite these challenges, Millennials continue to enter the housing market, driving demand and prices upward. https://bit.ly/3vbkIpk

Navigating the Future of Housing: The Rise of Build-to-Rent. In a world where the traditional pathways to homeownership are increasingly fraught with obstacles, a new trend is emerging as a beacon of hope for aspiring homeowners. The Build-to-Rent (BTR) sector is not just a fleeting phenomenon but a robust response to the evolving demands of modern living. As we delve into the intricacies of this burgeoning market, we uncover the demographic currents propelling BTR to the forefront of real estate innovation. Join me in exploring how the confluence of generational shifts, economic pressures, and lifestyle choices is reshaping the landscape of housing. From Millennials grappling with the realities of student debt and soaring mortgage rates to Baby Boomers seeking simplicity without sacrifice, the BTR movement offers a glimpse into the future of residential living. This blog post is more than just an analysis; it's a roadmap to understanding the forces driving the BTR sector's growth and its potential to redefine the American Dream. So, whether you're a real estate enthusiast, a market analyst, or someone curious about the next wave of housing solutions, let's embark on this journey together. https://lnkd.in/e8rieJeg

Gen Z is on the cusp of reshaping the rental market as they leave the nest in increasing numbers. In fact, it is the only generation adding rental households, while the amount of millennial renters has already peaked: rptn.co/-AoABbYAjas