AARP URGES UNIVERSAL DESIGN AND INCLUSIVE HOMES
A look
at trends, research and best practices can paint a picture of where we are now
and how we can strive to make places—both inside and outside the front
door—that serve our housing needs with dignity, inclusion and flexibility.
Dr. Jessica
Lautz, NAR deputy chief economist and vice president of research, said the
notable rise in younger homebuying is attributed to both younger (ages 25 to
33) millennials stepping into homeownership for the first time and older (ages
34 to 43) millennials transitioning to larger homes that suit their evolving
needs.
“The big
takeaway: that millennials as the biggest buyers is slightly counterintuitive
because we know the struggles they have had with lack of stock, affordability
and high cost,” she said.
“As Gen Z
sneaks into the housing market in single digits, they are more likely to be a
single woman and more likely to identify as a LBGTQ+ buyer.
As the
desire to be a homeowner grows in Gen Z, we will see more diverse homebuyers.”
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