Industry Pulse: Millennials Are House-Hunting with Their Friends 🏡
Welcome back! This month, we’ve curated a collection of articles to keep you informed. We stay on top of what’s new and handpick the highlights so you don’t have to.
Millennials are house-hunting with their friends
Source: Aleksandar Nakic / Getty Images
Most millennials are buying homes with their partners (47%) or alone (42%). However, this age group, which includes people in their 40s, is looking for alternative ways to make the big purchase. According to a recent Bankrate survey, 14% of millennial buyers are purchasing a home with a friend.
Interested in how changing demographics are changing the real estate industry? Check out this JBREC article.
California is all-in on EVs, while the rest of the country may be losing steam
Source: Aric Crabb / Bay Area News Group
It is of little surprise that California is leading the charge nationwide in demanding electric vehicles; 24% of new cars sold in 1Q24 were zero-emission EVs in California versus 7.5% nationally. In fact, demand nationally seems to be going down. Higher purchase prices, lack of infrastructure, and maintenance costs are a few reasons for this drop.
California’s weather is ideal for electric vehicles, while cold climates cause cars to take longer to charge and not hold a charge as well.
A change of pace: This outdoor library blends nature and culture
Source: Yonhap News Agency
Consumers are constantly inundated with “smart tech,” but we shouldn’t ignore the desire for nature and serenity. The Seoul Outdoor Library is an annual event operated by the Seoul Metropolitan Library that blends nature and culture. The open library along the Cheonggyecheon Stream invites anyone to freely borrow and read books. It’s the perfect spot for nearby workers to recharge or families to get together for a fun weekend. Activating the outdoors gives people the connection to nature that they crave while simultaneously bolstering a sense of community.
American faith in higher education is falling
Source: Michael Burrell / iStock / Getty Images
All those dollars going to a degree, and for what? That’s what many are wondering. Only 36% of American adults have high confidence in higher education, a significant drop from 57% in 2015, according to a new report from Gallup and the Lumina Foundation. The lack of faith comes from the prominence of politics, essential life skills not being taught, the inability to get a job, and crushing debt.