Jan 2 2018 19494 1

Dated: 01/09/2018

Views: 81

Millennials are not the only generation preferring proximity to restaurants and retail.

Americans born between the mid-1920s up until 1945—the “Silent Generation”—are also on the lookout for walkability. Fifty-five percent of members of the Silent Generation recently surveyed by the National Association of REALTORS® (NAR) favor neighborhoods close for commuting and/or walkability—not far off from the 62 percent of millennials surveyed who prefer the same. Both generations would live in an apartment or townhouse if it meant a closer commute and/or walkability, according to findings from the survey. Fifty-one percent of all of the adults surveyed, regardless of generation, believe quality of life is impacted by walkability.

The generations between millennials and the Silent Generation, however—baby boomers and Generation X—are partial to the suburbs. Fifty-five percent of both boomers and Gen Xers are okay with the trade-off: driving to establishments, recreation and work for a single-family home.

There are age- and gender-based interests, as well. When buying a home, younger women look for public transit and walkability more so than younger men, but both younger men and younger women seek short commute times, according to the survey.

All told, 60 percent of all of the adults surveyed would rather reside in a single-family home. Another 60 percent, though, would spend more to live in area with greater walkability. The majority of adults with children (another 60 percent, still) are interested in the larger acreage and square footage of the suburbs.

Infrastructure plays a role, according to the survey. Eighty-six percent of all of the adults surveyed perceive sidewalks positively, and 73 percent believe road maintenance and repair is important.

“REALTORS® understand that when people buy a home, they are not just looking at the house; they are looking at the neighborhood and the community,” says NAR President Elizabeth Mendenhall. “While the idea of the ‘perfect neighborhood’ is different for every homeowner, more Americans are expressing a desire to live in communities with access to public transit, shorter commutes and greater walkability.”

Latest Blog Posts

Mar 21 2018 52532 1

I found this article to be informative for home sellers. It is about home improvements that do not increase the value of your home when you sell.click below:http://www.thebalance.com/things-dont

Read More

Mar 20 2018 33618 1

It's that time of year once more, time for the Palm Beach Boat Show. You will see so many fantastic boats it will be hard to pick one. Great food art work and so much more so go and enjoy the show./

Read More

Mar 19 2018 43219 1 Cheat Sheets

The law of...

Read More