ORLANDO, Fla. – Generation Z is optimistic when it comes to real estate investments and is showing a lot of interest in homeownership despite a young age, according to a new report by PropertyShark.com, a real estate website.
Generation Z includes those who were born after 1995, with the oldest members of the group being 23 years old. The survey polled more than 2,000 renters, owners and adults living with families.
Eighty-three percent of Gen Z respondents said they plan to buy a home within the next five years – and they’re not letting their youth stand in the way. About 100,000 Gen Zers are reportedly already homeowners, the survey found, and they’re less likely to default on their mortgage than baby boomers, millennials or Gen X mortgage holders.
While those in Gen Z are much more optimistic about homeownership than their older peers, the millennials, they do have one thing in common. Both generations agree that “college debt” is the biggest obstacle that could delay them from becoming homeowners.
As real estate buyers, they could be easy to work with: They dream of plenty of space and amenities, but they say they’re ready to compromise on almost anything to keep their costs to a minimum, the study finds. They show a fondness for suburbs (60 percent), followed by urban living (30 percent).
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ORLANDO, Fla. – More newly-built homes are featuring smart-home technology because builders are realizing more buyers want it and are willing to pay the extra costs.
Recent research from John Burns Real Estate Consulting found that more than 60 percent of new-home buyers say they’d pay more for an exterior security camera and smart locks. Sixty percent of buyers also would spend more on a home with a smart thermostat, the survey revealed.
According to a separate John Burns Real Estate Consulting survey of more than 300 home builders, 53 percent say they now incorporate smart-home technology into new construction. Even so, 42 percent of buyers say they would purchase additional smart-home technology.
Buyer segments differed on which smart-home tech they liked the most, according to the survey:
- Young singles and couples: most likely to choose smart thermostats
- Families: most likely to choose a smart garage responsive to app controls and voice commands
- Older buyers: most likely to pay extra for smart locks
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MANALAPAN, Fla. – “If you don’t give these kids somewhere to go, the gangs will take them.” Spoken by Palm Beach County Sheriff Ric Bradshaw at a Boys & Girls Club of America event, that statement resonated with Kathryn Gillespie, a Realtor with Illustrated Properties in Manalapan, Fla.
“It really saddened me because the children he was talking about are pretty wonderful,” she says. “That was the real hook for me to get involved with the Boys & Girls Club.”
Since then, Gillespie and numerous other Illustrated Properties Realtors have gotten involved with club events. She’s immediate past-chair of the Boys & Girls Club of Boca Raton (which she chaired for four years); has headed up organizational fundraisers in both Broward and Palm Beach counties; and either chaired or helped support fundraising events like Casino Night and Concours d’Elegance, the latter of which raised more than $10 million for the Boys & Girls Club of Broward County.
In real estate for 29 years, Gillespie transitioned from commercial to residential about five years ago because she “loves bringing people to properties.”
Working with Illustrated Properties’ agents Pat Evans, Nicolette Goldfarb and Marley Goodman – all of whom chaired a recent fundraiser event, the Wellington Dinner Dance at the International Polo Club – Gillespie enjoys becoming a part of the fabric of her community. She says every personal connection she makes has a special meaning.
“As Realtors,” she says, “it’s just better when we all work together.”
Virginia M. Spencer, general manager of Illustrated Properties in Palm Beach County, says, “Our entire company does a lot for the organization, with specific agents taking on and participating in various causes that support the Boys & Girls Club.” Spencer served on one of the club’s grant committees that established its “Keyboards for Kids” group piano classes.
Through her charitable work, Gillespie says she’s learned just how giving the Boca Raton community is.
“This is where I live, where I go to church, and where my children attended school,” she says. “It’s a community that cares about everyone, and not just the top 1 percent.”
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ORLANDO, Fla., Sept. 20, 2018 – Florida’s housing market reported more sales, more new listings and higher median prices in August compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 26,273 last month, up 4.2 percent compared to August 2017.Read More »
JUPITER, Fla. – Being the wife of a professional baseball player wasn’t easy. “We moved so frequently, and it was hard on us,” says Holly Meyer Lucas, a sales associate and leader of the Meyer Lucas team at Compass Real Estate in Jupiter. In fact, when her husband Ed Lucas got called up to the big leagues, Meyer Lucas was pregnant with her first son.Read More »
ORLANDO, Fla., Aug. 22, 2018 – Florida’s housing market reported more sales, rising median prices and more new listings in July compared to a year ago, though for-sale inventory remains constrained in many markets, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 25,488 last month, up 3.8 percent compared to July 2017.Read More »
Mary Waller, left, accepts her 2018 Education Volunteer of the Year Award from Florida Realtors President Christine Hansen at the recent convention and trade expo.
ORLANDO, Fla., Aug. 16, 2018— Florida Realtors® has named Mary Waller as the winner of its Education Volunteer of the Year Award for 2018. The awards were presented during the state association’s recent annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla.Read More »
2018 Florida Realtors President Christine Hansen presents Gonzalo Mejia with the Educator of the Year Award during the recent convention and trade expo.
ORLANDO, Fla., Aug. 16, 2018— Florida Realtors® has named Gonzalo Mejia as the winner of its Educator of the Year Award for 2018. The awards were presented during the state association’s recent annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla.
Jodi Avery, left, accepts her 2018 Humanitarian of the Year Award from Florida Realtors President Christine Hansen during the awards luncheon at the recent convention and trade expo.
ORLANDO, Fla., Aug. 16, 2018 – Florida Realtors® has named Jodi M. Avery, a member of the Pinellas Suncoast Association of Realtors ®, as its 2018 Humanitarian of the Year, proving that Realtors make a difference in their communities.Read More »
Andy Joe Scaglione accepts his 2018 Commercial Realtor Achievement Award from Florida Realtors President Christine Hansen during the awards luncheon at the recent convention and trade expo.
ORLANDO, Fla., Aug. 16, 2018 — Florida Realtors® has honored Andy Joe Scaglione, a member of the Greater Tampa Realtors® (GTR), with its 2018 Commercial Realtor Achievement Award. The award was presented at the state association’s recent 102nd annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla.Read More »