Survey results released earlier this summer showed that nearly 80 percent of recent homebuyers sacrificed some amenities to purchase a property in their desired school district, and now another poll echoes the importance of education in the real estate decision-making process.
Industry Surveys & Studies
While millennials represent the largest group of U.S. homebuyers, they can expect the generation behind them to offer stiff competition in the market, with California a preferred destination for both age brackets.
Purchasing a home in a good school district has always been a high priority for buyers who have or want children, and recent survey results show just how much a neighborhood's educational pedigree matters.
California's median single-family home price reached a new high in May, but most owners in the state believe that the rapid appreciation seen over the past few years will not last much longer.
Having either purchased lower-end homes in need of renovations or unable to move up due to tight housing inventory conditions, millennials are leading the charge when it comes to home remodeling, though they are not the biggest spenders.
Monthly homeowner association dues can be quite an expensive proposition at luxury buildings in cities like San Francisco, but most people who pay them are pleased with the services they receive.
With the official beginning of summer just a couple of weeks away, the high season for backyard barbecues and pool parties will soon arrive, and a significant number of American homeowners are upgrading their outdoor spaces with entertaining guests in mind.
Millennials are more likely than other generations to describe themselves as handy around the house, although they actually have the least experience at do-it-yourself projects.
About six in 10 U.S. homeowners are planning to spend money improving their properties this year, and an even larger amount will do at least some of the work themselves.
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