Tag Archives: millennials

Home Buying a Strong Boost to Overall Economy

In their first year of ownership, new home buyers spend about $10,601  By Jeff Sorg, OnlineEd Blog (July 14, 2017) A new consumer spending analysis from the National Association of Home Builders (NAHB) highlights another reason why home building helps drive a healthy economy: In their first year of ownership, new home buyers spend about $10,601 […]

First-Ever Report to Track the Entire First-Time Homebuyer Market

Home sales to first-time homebuyers up 11% during First Quarter 2017 By Jeff Sorg, OnlineEd Blog (June 12, 2017) RICHMOND, VA., June 8, 2017 – Over the past 10 years, three million first-time homebuyers have been kept out of the home purchase market, according to Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. […]

Zillow Group Launches RealEstate.com, Gives Millennial Buyers a New Way to Search

Buyers can search for homes by the monthly payment and down payment they can afford By Jeff Sorg, OnlineEd Blog (April 5, 2017) SEATTLE – May 2, 2017 – Zillow Group, which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and web, today launches RealEstate.com, a new […]

Half of Today’s Home Buyers are Under 36

Millennials driving the housing market By Jeff Sorg, OnlineEd Blog (October 18, 2016) –  Half of today’s U.S. home buyers are under 36 and reflect an increasingly racially diverse middle-class according to the first annual Zillow Group Report on Consumer Housing Trends. As the U.S. housing market nears full recovery and the Millennial generation matures, 47 […]

First-Time Homebuyers Older, More Often Single

The average first-time homebuyer is about 33, at the front end of the millennial generation By Jeff Sorg, OnlineEd Blog OnlineEd (August 17, 2015) – According to a report just released by  Zillow® analysts, today’s first-time homebuyer is older and more likely to be single than first-time homebuyers in the 1970s and 1980s. The study also found that […]

Millennials Outnumber Baby Boomers and Are Far More Diverse

Millennials, or America’s youth born between 1982 and 2000, now number 83.1 million By Jeff Sorg, OnlineEd Blog WASHINGTON (July 25, 2015) – Millennials, born between 1982 and 2000, number 83.1 million and represent more than one quarter of the nation’s population. Their size exceeds that of the 75.4 million baby boomers, according to new U.S. Census Bureau […]

Millennials Willing to Sacrifice Starbucks Visits To Finance Home Purchase

Millennials are ready to give up some conveniences in order to finance a home purchase (Washington DC, July 14, 2015) — A majority of millennials (ages 24-34) are willing to sacrifice modern day conveniences like cell phones, internet, cable and Starbucks in order to save for a down payment on a home. A new survey from […]