Millennials Look to Buy Homes that Need Elbow Grease
Buying homes has become an increasingly popular trend among millennials but they aren't just buying any homes. Millennials are looking to buy fixer uppers instead of move in ready homes.
What’s a Rich Text element?
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
Static and dynamic content editing
A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
How to customize formatting for each rich text
Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.
The common misconception that millennials prefer to rent and hold out on buying a home for as long as possible is no longer true. Home Depot reports that first-time buyers have dramatically increased since 2005 and these buyers tend to purchase homes that need repairments or remodeled. While it’s thought that millennials would wait, it seems to be happening now.
CFO Carol Tome of Home Depot spoke with TheStreet about the numbers and the second-quarter earnings at Home Depots across the country. Thanks to homeowners investing in their homes and spending more time increasing their value, Home Depot’s numbers continue to soar. It was estimated by Wall Street Home Depot would increase store sales by 4.4% but instead, sales blew away that rough calculation for a 6.3% increase.
Prices of homes have increased by 6% just this year and will continue to grow in 2018, 2019, and 2020. Because of the increase, millennials tend to search for dated homes that are not moving in ready, willing to put elbow grease into their home.