09/03/2021
Market News
Millenials in the Housing Market
Millennials. Everyone has heard the term that categorizes those born in the early 1980s to the mid-1990s. At 92 million, they are the largest generation on record, according to the US Census Bureau, and are currently one of the top segments of those active in the housing market. Let's take a look at how Millennials will continue to shape the current housing sector.
Millennials Are Going at Their Own Speed
More so than previous generations, millennials are slow going when it comes to moving and purchasing that first home. According to a study by the Pew Research Center, about one-in-six millennials have moved in the previous year which is significantly less than the quarter or so for earlier generations who had moved at the same age. Several factors for millennials’ reluctance to purchase their first home include the recent financial crisis in the US and a rise in student debt. Additionally, millennials are delaying or declining marriage and starting families later than previous generations, with just 46% of millennials married.
The Work from Home Lifestyle
Advances in technology and the increasingly widespread use of the internet over the past few decades have led to a rise in remote job opportunities. This is great news for millennials as a recent survey done by YPulse reported that 55% of 20-38-year-olds plan to continue to work from home, even after COVID. Despite the initial uncertainty so many people faced when they switched to working from home, many have grown to prefer it. Those who said that working from home has been a difficult transition decreased to 28% in April of this year, compared to 36% in April of 2020.
For the housing market, this means that homebuyers no longer need to purchase in an area close to their jobs. Instead, they can choose to live just about anywhere. Places that offer larger homes for a lower price might become increasingly popular in the years to come.
Quality is Key
When it comes to housing, millennials have made it clear that the quality of the home and the assets that it includes are more important than most other elements. For this generation, homes that promote a happy environment, a healthy lifestyle, and sustainable habits are coveted.
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Home Living
Top 5 Labor Day Weekend Goals
1. Get Your Home Ready for a Labor Day Party
Labor Day parties are one of the biggest parts of Labor Day weekend, so if you’re planning to host one, make sure to prepare. Plan the food, clean your outdoor seating, and prepare for any lawn games. Most importantly, don’t forget to relax and enjoy the holiday!
2. Get the Kids Ready for Back to School
Labor Day weekend also means that the beginning of the school year is right around the corner. Another goal for the weekend might be to get the kids all set and ready for their first day. Make sure their school shopping is done, they know their classes and what to expect, and get them hyped up and excited to start. Getting these tasks done ahead of time will save some headaches the night before.
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For the Season
Apple Pie Bars
Get a jump start on your fall baking and enjoy the warm flavors of apple pie in combination with apple crisp. These bars are irresistible!
Ingredients
Base:
1/2 Cup butter
1/4 Cup sugar
1 Cup flour
1/2 Teaspoon cinnamon
1/4 Teaspoon nutmeg
Pinch salt
Apple filling:
3 Tablespoons butter
1/4 Cup brown sugar
4-6 apples peeled and diced
1 Teaspoon cinnamon
Crumb topping:
3/4 Cup rolled oats
1/2 Cup flour
1/3 Cup brown sugar
1/2 Teaspoon cinnamon
Pinch baking soda
Pinch salt
1/3 Cup butter
Instructions
First make your base. Grease and line an 8 x 8 inch baking pan. Combine the butter and sugar, and add in the dry ingredients until it comes together into a pastry like consistency. Press it into your prepared pan. Bake in a 350 degree oven for about 12 minutes till just slightly brown at the edges. Remove from oven and to cool.
Make your apple filling by melting the butter and sugar in a skillet until slightly foamy. Add the apples and spices and cook for 10 – 15 minutes over a medium heat. The apples should be soft and no excess liquid in the pan. Cool for a few minutes and then spread over the base.
Finally, make your topping by cutting the butter into the dry ingredients. Use your fingertips to incorporate the butter into the dry mixture until it becomes crumbly. Evenly sprinkle the crumb mixture over the apples. Bake in your preheated 350 degree F oven for about 20-25 minutes. The crumble should be lightly golden brown. Remove from oven and leave to cool completely before cutting into squares.
