Mint Quick Edit | As housing looks up, we need affordable homes too
2 weeks ago

Mint Quick Edit | As housing looks up, we need affordable homes too

Live Mint  

By 2030, India’s Millennial and Gen-Z generations are expected to comprise about three-fifths of all new home buyers, according to a study by real estate services firm JLL. This indicates a growing preference for owning houses over renting them, even as rising pay levels among these age cohorts explain their expanding share of homebuyers. Private housing projects in big cities increasingly seem to be upscale, while those seeking cheaper options have very little choice. It’s also time for a review of the real-estate regulatory system enacted back in 2016 for its effectiveness, given reports of unfulfilled deliveries by some home builders.

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History of this topic

Homeowners have no incentive to sell. Here’s why
1 week, 3 days ago

Homeowners have no incentive to sell. Here’s why

CNN  

CNN — This year, America’s once-in-a-generation housing slump deepened — but 2025 may not see much improvement. Here’s what economists expect of the housing market in 2025: Homeowners are still locked in The US housing market is on track for its worst sales year in nearly three decades, according to NAR data. “It’s become more of a buyer’s market this …

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: Report
1 week, 6 days ago

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: Report

Hindustan Times  

Millennials and Gen Z buyers will comprise about 60% of new homebuyers by 2030, a report by real estate consultant JLL said. It further stated that India's housing market is poised for a remarkable transformation by 2025, driven by rapid urbanisation, technological innovations, and changing consumer preferences, stated Ritesh Mehta, Senior Director and Head, Residential Services and Developer Initiative, JLL …

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: JLL Report
2 weeks ago

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: JLL Report

Live Mint  

New Delhi, December 25 : As India's residential market picks up, the Millennials and Gen Z buyers are expected to comprise about 60 per cent of new homebuyers by 2030, the JLL, a global real estate services firm, anticipated in its year-end residential market note. The global real estate services firm added in the note that the urban homeownership rate …

Why homeownership is rougher for millennials than Gen Z
3 weeks, 6 days ago

Why homeownership is rougher for millennials than Gen Z

Salon  

Homeownership has long been an aspiration; however, that goal may need to be revised if today's younger generations are to reach it. Sergio Aguinaga, owner and founder of Michigan Houses For Cash, agrees: “Millennials have it even worse since they dealt with the 2008 financial crisis, low wage growth, and now face soaring home prices. They entered the market when …

Mint Primer | Urban slowdown: Will home prices come down, too?
1 month, 1 week ago

Mint Primer | Urban slowdown: Will home prices come down, too?

Live Mint  

What sort of price rise has home sales seen? Home prices have been rising continuously across all the seven major metros in recent years. Multiple factors, including renewed investor confidence, homebuyer interest, the Dwarka Expressway and the planned Jewar airport have led to a rise in prices. Liases Foras Research forecasts that until sales are impacted, prices will keep rising …

Home loans emerge as top financing choice for potential home buyers: Report
2 months ago

Home loans emerge as top financing choice for potential home buyers: Report

Hindustan Times  

As many as 80% of people who aspire to own property prefer to take a home loan for it. Besides location, size, affordability, availability of financing options and future resale value are factors that dictate the home buying decision making process, a report by Knight Frank India has said. As many as 80% of people who aspire to own property …

Gen Z pay double in mortgage payments compared to older generations
3 months ago

Gen Z pay double in mortgage payments compared to older generations

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} High interest rates …

Millennial Homebuyer Trends-2024
5 months, 1 week ago

Millennial Homebuyer Trends-2024

The Hindu  

In 2024, Millennial homebuyer trends will have a big influence on the real estate market in India. The Challenges Millennial Homebuyer Faces Buying a Home: Despite their strong inclination to purchase houses, millennial homebuyers confront specific demanding circumstances including excessive student debt, growing home charges, and stricter mortgage arrangements. Some millennials also look forward to authority- Investment vs. Lifestyle Choices: …

Millennials comprise dominant homebuyer group, redefine housing market: Report
5 months, 1 week ago

Millennials comprise dominant homebuyer group, redefine housing market: Report

Hindustan Times  

Online property search portal NoBroker has observed a 23% increase in the number of homebuyers aged between 25-35 years on the platform, the proptech unicorn said in its half-yearly report. Millennials constitute the largest homebuyer group on NoBroker, the proptech unicorn said in its half-yearly report The term millennials or Generation Y is employed to refer to individuals born between …

Millennials buying a house: Why I can rent a million-dollar home but somehow not be able to buy one.
11 months, 2 weeks ago

Millennials buying a house: Why I can rent a million-dollar home but somehow not be able to buy one.

Slate  

This is Emotional Investment, Joel Anderson’s column about money and how we think about it. Because I’m not sure if exchanging all the benefits of my Bay Area life is worth owning a home in a place like Wisconsin. You don’t have to live like this.” But the thing that my friends and family members miss about our affection for …

Millennials powered America’s homeownership boom
1 year, 5 months ago

Millennials powered America’s homeownership boom

CNN  

Washington CNN — Prior to the pandemic, Yue and Chris Parsons were, like many Millennials, reluctant renters moving from one apartment to another, wondering when they would be able to buy a home of their own. I think we’re never leaving.” Homeownership rate is up, fueled by young buyers The homeownership rate grew overall during the pandemic, but it was …

From renting to owning: Millennial revolution in homeownership
1 year, 5 months ago

From renting to owning: Millennial revolution in homeownership

Hindustan Times  

The Covid-19 pandemic unleashed a wave of unforeseen challenges and disruptions, shaking the foundations of our world. According to a white paper by 360 Realtors, a leading real estate consultancy, there are 400 million millennials in India, comprising 46% of the country's wage-earning population. A survey by CBRE titled “Live, Work, Shop” reveals that over 70% of Indian millennials aspire …

Housing boom: buy now or wait?
1 year, 6 months ago

Housing boom: buy now or wait?

The Hindu  

When the Reserve Bank of India’s Monetary Policy Committee, in its second bi-monthly monetary policy meeting of FY24 this week, decided to leave the repo rate unchanged at 6.5%, economists and industry experts felt their expectations were met. After the RBI hiked the repo rate several times and then maintained it at 6.5%, home loan interest rates also increased. Should …

Boomers, Generation X or Millennials: Who has it worse when it comes to buying a home and paying it off?
1 year, 11 months ago

Boomers, Generation X or Millennials: Who has it worse when it comes to buying a home and paying it off?

ABC  

When single mum Kerrie Boylett wanted to buy a home in 1995, almost all lenders turned her away. "The big obstacle faced by previous generations of first home buyers, especially in the late 1980s, was the high interest rates — I wonder how they were able to afford them," he says. Why millennials will take longer to pay off a …

Cheap Old Homes Draw Millennials Escaping Pandemic Cages
3 years, 10 months ago

Cheap Old Homes Draw Millennials Escaping Pandemic Cages

News 18  

NORWICH, Conn.: American millennials with budget constraints are breaking out of their pandemic coops to find affordable dream homes in far-flung places. Followers of the site’s Instagram account have steadily doubled every week since U.S. pandemic lockdowns began in March, to about 20,000, she said. “The mantra of real estate has always been ‘location, location, location.’ For the first time …

Home ownership among young people rises
4 years, 11 months ago

Home ownership among young people rises

Daily Mail  

Home ownership among millennials is on the rise again after more than a decade of decline. The proportion of 25 to 34-year-olds who own their home jumped by 9.6 per cent last year, according to the English Housing Survey. Data from the English Housing Survey has found that the proportion of 25 to 34-year-olds who own their home jumped by …

New poll finds 70% of millennials say they're "likely" to vote for a socialist
5 years, 2 months ago

New poll finds 70% of millennials say they're "likely" to vote for a socialist

Salon  

Younger Americans are more likely to support a socialist political candidate and their views are capitalism are significantly more negative than older Americans, according to a poll conducted by YouGov for the Victims of Communism Memorial Foundation. The poll found that just 50 percent of millennials, or people born between 1981 and 1996, have a positive opinion of capitalism, while …

Indian millennials more cautious about buying homes: Report
5 years, 3 months ago

Indian millennials more cautious about buying homes: Report

India TV News  

There has been a tectonic shift in the past decade not just in the overall buying pattern but also in the age of property buyers, according to a new report on Wednesday which found that younger Indians with much lower savings kept away from bank loans seeing them as risky, and were also very cautious about them. Analysing the age …

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