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Jim Belfiore tells KTAR News 92.3 FM: Millennials buying homes in Phoenix area on the rise

Posted by   /  February 7, 2018  /  Real Estate  /  No Comments

KTAR There seems to be a new group of buyers invading the Valley’s housing market. More millennials are starting to purchase homes in the Phoenix area, according to a local real estate agent. While empty-nesters and middle-aged folks remain the biggest group of home-buyers, Jim Belfiore with the Phoenix-based Belfiore Real Estate Consulting told KTAR News […]

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Will more millennials buy Phoenix-area homes? It’s what new home market needs to recover

Posted by   /  February 5, 2018  /  Real Estate  /  No Comments

millennial homebuyers

By Catherine Reagor | The Republic Could millennials be holding metro Phoenix’s new home market back from finally recovering? Most of this huge generation of young adults haven’t bought homes yet, and the Valley’s home-building market still hasn’t recovered from the crash. READ ON:  

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Crucial turning point in homeownership rate

Posted by   /  February 1, 2018  /  Real Estate  /  No Comments

RealtorMag For the first time in 13 years, the U.S. homeownership rate ticked up, and millennials are behind the long-awaited boost. The U.S. Census Bureau reported Tuesday that the rate increased to 64.2 percent in the fourth quarter of 2017, up from 63.7 percent a year prior. READ ON:

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No, young people aren’t fleeing cities

Posted by   /  January 2, 2018  /  Real Estate  /  No Comments

home-buying trends

“Peak Millennial” doesn’t mean what it used to, because Millennials are getting older. And even still, they’re sticking around cities more than older generations. By Joe Cortright | Citylab A recent article in Time, based largely on the research of UCLA demographer Dowell Myers, proclaims that U.S. cities are hitting “peak Millennial.” The gist of Myers’s […]

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Arizona ranks in bottom half of states for millennial home affordability

Posted by   /  November 21, 2017  /  Real Estate  /  No Comments

By Patrick O’Grady | Phoenix Business Journal Arizona is drawing a lot of millennials, who are moving to the state, but it isn’t close to the most affordable place for the younger generation to buy a house. GoBankingRate.com put out a study that ranked Arizona No. 30 for states that are affordable for millennials to buy houses. […]

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Where are millennials moving? The answer may surprise you

Posted by   /  October 9, 2017  /  Real Estate  /  No Comments

By Bob Sullivan, Credit.com | AZCentral It’s no secret that young people are getting married and starting families later in life than their parents did. It is, however, a bit of a secret where they are choosing to settle down. Big cities and their big employers have always attracted young workers, and that’s still true. But […]

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Millennials going over budget to buy homes

Posted by   /  September 28, 2017  /  Real Estate  /  No Comments

The 2017 Zillow Group Report explores affordability challenges facing renters and a first look at post-millennial Generation Z’s housing patterns. Builder Millennials poured some $514 billion into the U.S. housing market over the last year as the largest generation of home buyers, Zillow reported Wednesday. But new survey data shows their home-ownership aspirations are stymied […]

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Millennial home buyers shy away from Ahwatukee prices

Posted by   /  September 27, 2017  /  Real Estate  /  No Comments

home-buying trends

By Wayne Schutsky | Ahwatukee Foothills News Millennials as a whole may have put off home buying longer than those who came before them, but market trends show that the largest generation in history is beginning to warm to the idea of home ownership and that the East Valley is a prime destination for young buyers. […]

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Millennials are finally forming households: What it means for retailers

Posted by   /  September 21, 2017  /  Economy  /  No Comments

home-buying trends

By Deborah Weinswig | Forbes Young American adults have put off establishing families and setting up households longer than any generation has previously. More and more millennials have opted to live with their parents longer, defer marriage and buy houses at a later age. A startling report from the U.S. Census Bureau published earlier this year […]

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The incredible, disappearing home down payment

Posted by   /  September 21, 2017  /  Real Estate  /  No Comments

By Christopher Matthews | AXIOS Many real estate markets across the U.S. are in the midst of an affordability crisis because of rising home prices, tight access to credit, and a homebuilding industry that has been slow to build new homes. That’s made it hard for renting millennials — the oldest of whom are well into the prime […]

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