While they are the generation of adults who own the fewest homes, those Millennials who do own are tapping into their equity faster than homeowners of other generations. Why? To consolidate their debt, or renovate their homes.
Consumer Activism is Happening
Consumer Activism-People using their patronage and support as a way to engage or influence brands and businesses. Are you a consumer activist?
What are some ways businesses can interact with these consumers?
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The Goldilocks Mindset
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Big Bear Market Stats as of May 2nd, 2017
New listing at 224 Echo Hill, Big Bear Lake, CA 92315
Big Bear Market Stats as of May 2nd, 2017
- Total Active Residential Properties:426 (13% increase from April 3rd)
- Total Residential Properties in Back-Up and Pending:164 (9% increase from April 3rd)
- Total Residential Properties Sold in April:95 (13% decrease from March)
*85 properties sold in April 2016, and 99 sold in April 2015. - 109 Sold in March
73 Sold in February
83 Sold in January
108 Sold in December
117 Sold in November - New Residential Listings in April:167 (3% increase from 173 in March)
- 12% of Current Market has been reduced in price since April 1st.
- Properties sold from January 1st 2017 to May 2nd 2017: 370 (7% increase from 344 in January 2016-May 2016)
- Total Sales Volume January 1st 2017 to May 2nd 2017: $113,965,813 (11% increase from $101,373,874 in January 2016-May 2016)
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Median Sold Price and Sold Units January to March 2017 compared to 2016
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Staying Put!
Millennials are moving less frequently than older generations were at their age. Of the ones who are, even fewer are moving into their own homes.
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