Posts from November 2016

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November
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November 3rd, 2016 by
Think All Millennials Live in Their Parent's Basement? Think Again! | MyKCM

According to the Census Bureau, millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials, or America's youth born between 1982-2000, now represent more than one quarter of the nation's population, totaling 83.1 million.

There has been a lot of talk about how, as a generation, millennials have 'failed to launch' into adulthood and have delayed moving out of their family's home. Some experts have even questioned whether or not millennials want to move out.

The great news is that not only do millennials want to move...

Click Here to Read More...

Categories: Housing Market
Tags: Sellers, Market Updates, First Time Homebuyers, For Sellers, House sales
November
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November 2nd, 2016 by
How Long Do Families Stay in a Home? | MyKCM

The National Association of Realtors (NAR) keeps historic 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. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

Click Here to Read More...

Categories: Housing Market
Tags: Mansfield OH, listing, making offer, Market Updates, First Time Homebuyers, For Buyers, For Sellers, House sales
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