The basic dynamics of real estate across the country are pretty set for the next few years -- too many buyers from the Millennial generation (bigger generation than baby boomers) who are hitting peak buying age, not enough new construction, older homeowners not selling as soon.

Is it young millennial professionals or retired empty nesters?  

Take millennials for example, most of them want to own a home, but cannot get a mortgage because home affordability is accelerating beyond their ability to get qualified for the type of home they want.

73% of millennials still live at home in some places like NY.

Millennials pay into a system they'll likely never receive the benefits from, and Boomers would start a revolution if the benefits are suddenly taken away after paying in for their entire lives.

I feel like millennials will start shying always from ‘hype fads’ to create a more humble teenager to adult

It also serves as Wayne County's seat of government.Despite the city's dwindling population, the number of millennials moving to Detroit is constantly growing.

Millennials/artists moving into the area, seeing more rehabs, less burned out houses, it's a slow process but 5 years from now I think we will see a dramatic change so find your "deal" now before the prices get out of hand! 

According to John Burns research, interest rates have made it just too “expensive,” in general, to own vs rent.According to Redfin, demand for large rental apartments and houses is climbing, one in five millennials who responded to a 2023 housing survey believe they’ll never own a home.

Co-living solves affordability issues, fosters community, and meets the lifestyle preferences of millennials and Gen-Zers.