Redfin_Survey_Millennials_Still_Want-10910717c1ce13c6a4619bff0579d939

EXCERPT: “More than 90% of millennial homebuyers would choose a single-family home over an equal-priced unit in a triplex with a shorter commute, according to a new report from Redfin, the tech-powered real estate brokerage. ‘Even as we’ve seen a revival in many urban neighborhoods, the American ideal of a detached home with a white picket fence and a private lawn doesn’t appear to be changing—at least for the time being,’ said Redfin chief economist, Daryl Fairweather. ‘While some cities and states like Minneapolis and Oregon are aiming to create more affordable multi-family housing options by eliminating single-family zoning, as long as Americans are willing to pay a premium for detached homes, developers are likely to continue building them.’ The August 2019 survey asked more than 1,400 U.S. residents who are thinking of buying or selling a home in the next year to choose a home based on the following hypothetical situation: ‘You find a single-family home with a backyard for the same price as a unit in a triplex (a building with three attached homes). The triplex is smaller, but meets your space needs, and has a shared backyard and significantly shorter commute. Assume the school quality and safety ratings are identical.’  The report breaks down the results both by age and geography.” FULL STORY: https://yhoo.it/2DhhlyJ