As I mentioned in my previous post, while 2020 has been an incredibly challenging year across all markets, housing turned out as a bright spot. In a recent Christie's International Real Estate conference, I discussed the global real estate markets with 700 brokers from 24 countries. Despite the impact of the coronavirus pandemic, U.S. homeownership … Continue reading Ten Real Estate Trends to Watch in 2021
While Millennials are entering the home-buying game later than earlier generations, their desire to achieve the American Dream remains and is stronger than previous generations.
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median … Continue reading How Long Do Most Families Stay in Their Home?