Luis Lora’s Post

An interesting study was made by RentCafe that suggests Gen Z has it better in the housing market than the millennials who came before them! According to the study, Gen Z-ers (1994-2000) are projected to spend $145,000 on rent by age 30, while Millennials (1981-1996) spent $127,000 at the same life stage. Despite higher costs, Gen Z earns more, requiring a similar share of income (27%) for housing as Millennials. Owning a home could cost Gen Z about $165,000 over 8 years. Source: nytimes.com #HousingCosts #GenerationalComparison #RentCafeStudy #GenZ #Millennials #HousingMarket #RealEstate #HousingTrends #Homeownership #FinancialComparison #GenerationGap #IncomeDisparity #YouthHousing #MillennialHomeowners

🏡✨ Debunking Homeownership Myths for Millennials! 🌟Ready to break free from these myths? Let's connect and pave the way to your homeownership journey! #HomeownershipMyths #millennialrealestate #yourrealestatepartner #dreamhomesearch#RealtorGirls #NiagaraRealEstate #NiagaraProperty #NiagaraRealEstateMarket

Can you guess the four states booming in popularity with millennials on the move? My latest for GOBankingRates utilizes GBR survey data and commentary from Suzanne Miller, Kurt Carlton from New Western, Michael Oliveira and more real estate pros to uncover the surprising states winning over millennials. Read on to find out if your state is among them! #millennials #moving #realestate #relocation

Younger millennials (ages 25 to 33) and older millennials (ages 34 to 43) combined for 38% of all U.S. home buyers, up from 28% the year before. This now makes them the largest generational group of U.S. home buyers. Older millennials also have the highest household income of any generation at $127,000, followed by Gen Xers with a median household income of $126,933 in 2023. #homebuyers #millennials #glenandkellynelson #nelsonrealestategroup #temescalvalley

Gen Z "real homeownership" is lower than Millennials, Gen X, or Baby Boomers at the same age. From Mikaela Arroyo: "If we examine the entire Gen Z population, including those living with family or roommates, they are less likely to be homeowners than millennials at the same stage of life. We call this metric the “real” homeownership rate. 3 other Gen Z homeownership myths busted here: https://lnkd.in/gc28chsW #jbrec #nhti

Are you curious about how Millennials are revolutionizing the housing market? 🤔 Join the Michael Devlin Group, powered by eXp Realty, for an insightful exploration of the unique impact of Millennials compared to Baby Boomers. 📊🏠 Uncover the distinctive preferences and financial behaviors of Millennials that are shaping the future of homeownership. 🏗️🔑 #Millennials #RealEstate #Homeownership #BabyBoomers #HousingMarket

🇺🇸 The American Dream: Out of Reach for Millennials? 💭Stats say 25% of millennials think home ownership is impossible. But here's the thing:Most homeowners started small, with a humble first home that led to their dream property!The American Dream isn't dead; it's a journey that begins with a single, perhaps less glamorous, step.Dream big, start small! You got this! 💪#AmericanDream #Homeownership #Millennials #FirstHome #DreamBig #StartSmall

Redefine what's possible for millennials in today's housing market. Our article offers actionable steps to help you secure your first home, from researching properties to working with experienced Realtors. It's time to level up, millennials! #Homeownership #GrantCardone @TruVestCob @GrantCardone @Ryan_DeMent @TheRealKiyosaki

Are you curious about how Millennials are revolutionizing the housing market? 🤔 Join the Michael Devlin Group, powered by eXp Realty, for an insightful exploration of the unique impact of Millennials compared to Baby Boomers. 📊🏠 Uncover the distinctive preferences and financial behaviors of Millennials that are shaping the future of homeownership. 🏗️🔑 #Millennials #RealEstate #Homeownership #BabyBoomers #HousingMarket

💡 Millennials currently dominate the housing market, with 81% of younger millennials and 48% of older millennials being first-time home purchasers. At 42%, boomers make up the majority of sellers. 💻 Members of the quiet generation (aged 75 to 95) made up the smallest percentage of buyers, accounting for only 4%. ℹ️ Orchard #RJCRealEstate #HomeBuying #RealEstate #NJRealEstate #Homeowner #HomeListing #RealtorNJ #Metaverse