Michael Klacik's blog

70% of Gen Yers Expect To Own A Home By 2020

Gen Y, otherwise known as the Millennials, those that fall between the ages of 19 and 34, are the largest generation in U. S. history . . . even larger than the Baby Boomers . . . with nearly 79 million people.

According to a recent survey conducted by The Urban Land Institute, 70% of Millennials who do not yet own a home expect to become home owners by 2020, and most expect to use the money they have saved for a down payment.  Also, many respondents said they are making ends meet with jobs for which they feel overqualified, and are living with parents or roommates to save money.  Despite their current lifestyle constraints, most are optimistic about improving their housing and financial circumstances in the near future.

What are the best things about home ownership, according to the homeowners in this generation?  They believe that owning is a good long-term investment, neighborhoods provide stability and safety, and they desire their own space and privacy.

Source:  ULI Report Shows Gen Y Living Frugally in More Affordable Locations, Sharing Housing with Friends, Family

A Beautiful Tribute to Mothers Everywhere - Happy Mother's Day!

Plant Some Trees & Increase The Value Of Your Property

It's Spring and we're cleaning up our landscaping and thinking about what new projects we will do this year.  Here's a good one to improve the value and desirability of your property . . . plant some trees!

According to the National Association of REALTORS® Home Buyer and Seller Surveys, 18% of repeat buyers and 25% of buyers purchasing a new home said that being on a wooded lot or on a lot with many trees was very important to them.

Did you know that at according to the U.S. Department of Energy at least three trees strategically placed on a lot can save an average household between $100 and $250 in annual energy bills? 

Read more about why you should plant some trees: Don't Overlook the Trees, Buyers Aren'tThe number of trees on a lot can be a powerful influencer for home buyers.  [NAR Daily News]