May is a month of growth and celebration. As we head into the fifth month of the year we are looking forward to a busy time in the real estate industry. With more people starting to think about buying or selling a home, the market tends to become more active! Continue reading for more real estate news, home tips & tricks, and much more.
Real Estate in the News
Jokes About Millennial Homeowners Can Stop Now
"In what is being described as a historic shift, the millennial generation is now made up of more homeowners than renters, according to new data released by RentCafe. After years of being known as the “renter generation,” millennials tipped the scale, largely due to the 7 million people in the generation who bought homes in the last five years, bringing the total percentage of millennial homeowners up to 52%. Now, according to the data, Gen Z, who range from 11 to 25 years old according to Pew Research, is the only age group made up of a majority of renters."
The Houston brothers’ sprawling new nightlife destination will take over a floor of the Moxy Hotel
"If you’ve ever spent a night at Koreatown’s Break Room 86, or Good Times at Davey Wayne’s, Harvard & Stone or No Vacancy in Hollywood, you already know firsthand about the work of Mark and Jonnie Houston—the twin brothers behind many of L.A.’s best nightlife experiences mixing live entertainment, theatrics and booze.
Now, inside Downtown’s brand-new Moxy and AC Hotel, the pair will debut their most ambitious project yet: Level 8. Taking over the hotel’s eighth floor, the multi-concept restaurant, lounge and nightclub will lead visitors on a journey told through the eyes of the venue’s fictional founder, Mr. Wanderlust—which is also the name of the entrance cocktail bar."
Lifestyle Tips and Tricks
Ready to Remodel? Here Are The Home Projects That Will Get You The Best Return On Your Investment
Even when they don’t buy a fixer-upper, most people will end up doing some amount of repairs on a new home. About 95% of homeowners said they plan to take on a major home improvement project in the next five years, according to a recent report by Real Estate Witch. However, only 50% said they can afford it at the moment.
For many buyers, that first home—the starter home—marks a turning point in their lives where they stop paying rent and start investing in a property that can help build generational wealth over time.
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