Young adults tend to move more often than older adults. They might be switching jobs to find their career path, moving out of their parent’s place, or trying out new areas to live in. Whatever the cause, people moving has an effect on the real estate market.
According to a new analysis by Zillow, young adults in America today are moving more often than previous generations did. In fact, the percentage of 25-to-34 year olds who have lived in their home for less than two years has risen to 45.3 percent. By comparison, it was 33.8 percent in 1960. What accounts for millennials' mobility? One big difference between today's young adults and past generations is that younger Americans tend to get married later in life these days.
That means, settling down and establishing a long-term living situation is less of a priority. There have also been changes to the way the typical young American builds a career. In the past, it was common to get a job and stay with the same company for many years. However, today’s young adults are more likely to move from one job to the next in order to achieve their professional goals.
Author:Mike Bray Phone: 602-980-0002 Dated: November 13th 2019 Views: 1,134 About Mike: ...
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Brent Hammonds, MSW, CDPE, Associate Broker. A resident of Arizona since 1991 and a Graduate of Arizona State University, Brent provides years of experience as an East Valley Realtor, servicing the cities of Scottsdale, Paradise Valley, Care Free, Cave Creek, Gilbert, Tempe, and Phoenix. After receiving his State of Arizona Real Estate License in 2002, Brent began developing his expertise throughout the real estate community. Since that time Brent has established himself as a Multi-Million Dollar Producer in the East Valley. In 2007, Brent began focusing his real estate practice on the Phoenix area Short Sale & Foreclosure market. He is an established Short Sale Spe cialist who assists Phoenix area homeowners in negotiating with their lenders in order to avoid foreclosure. Brent has taught classes on “Successfully Negotiating and Closing Short Sale Transactions†and has been the focus of several local newspaper articles as a specialist in listing and selling Short Sales throughout the Valley. Brent handles every client transaction with unparalleled professionalism and a level of customer service second to none. He continues to work tirelessly on behalf of his clients to make their home buying or selling experience, pleasant and stress-free.