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Realtor.com has come out with a report on their predictions for this upcoming year in the housing market and trends. They say that Millennials, Gen X’ers and retirees will account for the majority of the predicted 6 million homes sold in 2016.
read moreMillennials are a new breed of consumer in America. Due to many contributions over the past decade or so, the culture of young Americans has finally started to show its effects on our economy.
read moreAfter the downturn in 2010, people are starting to finally get more equity in their homes. What does this mean? When they sell their homes they have more to invest in upgrading to a larger home. With home prices rising, people have been waiting to sell their homes to gain more equity for reasons such as buying a bigger home. After this stall of selling their homes, “sellers have reported they sold their homes for a median of $40,000 more than what they purchased it for.”
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