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Homeownership

Millennials aren’t moving, you guys

(HOMEOWNERSHIP) Millennials don’t have spouses, they don’t have houses, and they don’t have kids. Why are they staying put?

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home sales house interior bedroom

mass non-migration

According to recently released U.S. Census Bureau data, millennials are not the passion-hunting rootless wanderers we often imagine them to be. In fact, they’re significantly more grounded than the last four generations, at least in latitude and longitude terms.

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Last year, only 20 percent of adults ages 25 to 35 reported living at a different address one year earlier. This represents a sharp drop for that age group, whose movement has been fairly steady for decades. In 2000, 26 percent of 25-35 year-old Gen-Xers had moved in the last year, and in 1963, 26 percent of 25-35 year-olds in the so-called Silent Generation had relocated.

what gives?

This relative immobility is surprising for a few reasons, also documented by the U.S. Census Bureau. First, millennials are less likely to be married than earlier generations of young adults, which points to more flexibility and mobility – if there’s only one person looking for a new job in a new town instead of two, it’s theoretically easier to make moving work. In the 25-35 year-old age group, only 42 percent of millennials reported cohabiting with a spouse in 2016, compared to 82 percent of Silents in 1963.

Second, fewer Millennials have to worry about selling a home they already own in order to pick up and move. Renters are generally more mobile than homeowners.

But while 56 percent of 25-35 year-old Early Boomers lived in owner-occupied housing (specifically not owned by their parents) in 1981, only 37 percent of millennials reported living in such housing last year.

Third, a whopping 56 percent of 25-35 year-old millennials were childless in 2016, while fewer than half of the past three generations were childless as young adults. No children should mean an easier move – no hunting for good schools or worrying about pulling kids away from friends, comfort zones, and doting grandparents.

So millennials don’t have spouses, they don’t have houses, and they don’t have kids. Why are they staying put?

recession remnants

The Recession could be playing a big part in the sudden downshift in mobility for millennials. Click To Tweet

Millennials were among those most affected, in terms of job-holding and salaries, and many young adults who did move in the past year were motivated by job opportunities, suggesting that the job market just isn’t strong enough for many to count on a potential job across the country.

Millennials are also up against tighter lending standards, tougher mortgages, and astronomical student debt, which makes it less appealing to move in order to own a home – especially if there aren’t any kids to make space for.

Whatever the reason, America’s youngest adult generation is growing geographically static. On the one hand, this could be a bad thing for employers, who may face a workforce more unwilling or generally unlikely to follow a job, or come to a job, than ever before. On the other hand, this could be a good thing for cities and towns looking to build real communities of people invested in the place they live, not just stopping on their way to the next big thing.

#millennialmobility

Staff Writer, Natalie Bradford earned her B.A. in English from Cornell University and spends a lot of time convincing herself not to bake MORE brownies. She enjoys cats, cocktails, and good films - preferably together. She is currently working on a collection of short stories.

Homeownership

Hilarious things left behind when people move out of their house

(HOMEOWNERSHIP) People often forget what changes and additions they’ve made to a house until it is too late. This Twitter thread is a hilarious reminder to take everything with you when you leave.

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hidden in house

There are moments when social media brings people together and gives us comedy gold. Have you ever left something behind when you moved, something that while maybe not so crucially important to you, will definitely offer an interesting insight into your life? Such as a message written behind a wall, or a note hidden in an air duct? Well a twitter thread posted earlier this week opened up Pandora’s box for amusements on this topic and some of these are just getting stranger and stranger.

The original poster, @KaylaKumari, brought it up originally when she asked her mother, who had just recently moved out of her last home, if she’d uninstalled the special fire alarms that she recorded in her voice yelling, “GET OUT OF THE HOUSE BECAUSE MOM’S CANDLES CAUGHT THE HOUSE ON FIRE”. A perfect line, short and succinct. Now some poor family is going to have a fire and some woman’s voice will be ushering them out instead of an alarm. Hopefully there won’t be too much confusion there.

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My parents sold their house like a month ago but my mother JUST realized she did not uninstall the special fire alarms she had put in that are a recording of her own voice screaming at me and my sister to “GET OUT OF THE HOUSE BECAUSE MOM’S CANDLES CAUGHT THE HOUSE ON FIRE”

After that, the tweets and retweets just kept coming. Some of them mostly relating to habits or forgotten moments. In four days, the post has gotten over 17K retweets and/or comments and some of these are gems.

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A lot of people seem to enjoy feeding wildlife as well. Lots of fun shocks to go around. I would recommend however, to disclose that upon sale of the house so you don’t get sued. But this just goes to show that social media can be nice sometimes. A nice uplifting moment in our days.

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Homeownership

Get your DIY home renovations sent directly to your home with Outfit

(HOMEOWNERSHIP) The pandemic has inspired many to upgrade their home (now office) – and Outfit’s service sends custom DIY kits directly to your door.

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Home renovations in progress - person on hands and knees measuring out lines of walls with hammer.

Everybody’s home is feeling a little extra lived-in these days, so it’s no surprise that home renovations are seeing a spike in popularity. While the internet is a veritable stockpile of information, it can be hard to know where to start when making changes to your living space. It’s a problem that Outfit, a DIY renovation service, hopes to fix.

Outfit provides a self-proclaimed “DIY renovation in a box”, and, to their credit, that’s pretty much what their product is: A customized kit with everything you need to make your desired changes to your home. Purportedly, the “everything” aspect is pretty literal; you’ll receive anything from materials to tools depending on your needs, and a companion app guides each aspect of your renovation with tips, walkthroughs, and visuals.

The app is actually a wonder in and of itself. You’ll find the aforementioned walkthroughs and strategies for your space here, but you also have the option to reach out for renovation support from Outfit staff. Should you find yourself face-to-face with a wire you didn’t anticipate, for example, you can snap a photo of the culprit and send it off via the app for an all-clear before proceeding. It’s a delightfully simple solution to the problem of the amateur renovation process.

Incidentally, the lack of price range listed on Outfit’s website inspires trepidation. However, Ian Janicki, the CEO and founder of Outfit, confirmed that the service is priced based on your space and project parameters.

“We evaluate your space and then determine a quote,” says Janicki. Honestly, that’s probably for the best; with the sheer number of moving parts required for any renovation project, being able to pinpoint the necessary materials and resourcesand the appropriate cost thereofis a far better alternative to preset options.

Outfit stands as a cool solution for the average homeowner, but the implications of using this service to prepare or remodel a home for sale are especially intriguing. In theory, having a kit that contains everything one needs to dress up a room or make a house sellable could cut down on waste materials, and brokers might even be able to rope in deals contingent on the effective use of Outfit by the selling (or even purchasing) party.

In short, Outfit is a super cool concept that coincides perfectly with these turbulent times. If you’re interested in renovating any time soon, hit them up for a quote.

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Homeownership

Help clients calculate moving costs in seconds

(HOMEOWNERSHIP) Thinking about skipping town? There are a dozen factors to make the decision, but this new tool can help predict whether moving is right for you!

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moving day

“Go where the money is.”

It’s good advice—after all, if you have a doctorate in gathering fruit, your childhood Alaskan home probably isn’t the best place to stay and utilize everything you learned interning in the watermelon industry.

But sometimes moving to earn/save money doesn’t work out.

I wouldn’t begrudge someone moving from NYC to Marfa, TX for following their dreams of a simpler life full of UFO-themed merchandise and X-Files references. If they left expecting to find the same level of public transportation in rural Texas, and didn’t factor in purchasing a car, paying for gas, insurance, and title fees, well. That’s a side-eye’in.

Obviously, no one can ever be 100% sure what’ll happen on big moves in life that don’t involve its conclusion, but realtors CAN help others to help themselves be a little more informed and much more confident.

Where information about the pros and cons of packing up and switching zipcodes for work is concerned; moving company, Move Buddha, has an app for that.

It’s a cute quiz that asks a few gently pointed questions about prospects’ networks, salary expectations, child involvement, spouse involvement, ect: all adding up to the big question made up of several little questions that you can’t ask yourself whilst maintaining your professionalism. That question is: Do you know what you’re doing?

P.S. According to the stats offered in their blog post about the app, if one half of a couple is moving to be with a partner for THEIR new job…there’s a 66% chance that the couple doesn’t know what they are doing.

P.P.S. It let me know that I wouldn’t be saving nearly as much money as I thought moving back to Fort Worth proper to keep up the game of ‘Let’s steal each others clothes and home goods’ I have going with my mother, so that’s definitely something to think/chew through a few pens about.

All in all, this tool, while definitely a promotional accessory for its parent company above all else, is pretty useful. It’s nothing anyone would expect to lay out every little possible outcome, but it does give users a valuable jumping off point to plan where they’re going.

If you’re considering partnering with more moving companies for promotion, formally or otherwise, this brings up a lot of salient points to address with new address seekers, especially the more painful ones that can bring your relationship a little closer and a little more likely to be profitable on both sides.

Verdict: Quiz away!

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