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As we reflect on 2020, we have all been affected by the global pandemic. Changes brought about new ways of doing business and we thank all of our clients and vendors for adapting quickly as we navigated ways to assist in the home buying and selling process with enhanced safety precautions. Despite the challenges, we are encouraged by the positive real estate sales market and record low interest rates giving buyers more purchasing power than ever before.
A New Year is like a blank book, and the pen is in your hands. It is your chance to write a beautiful story for yourself. Wishing you a healthy and prosperous 2021!
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Changes in Homeownership
A multigenerational household is typically made up of aging parents, their adult children, and their teenage or young grandchildren. This setup has seen a steady rise in recent years, with over 64 million Americans living and sharing a multigenerational household, according to a 2018 Pew Research Center analysis of census data. It's a large-scale change that continues to alter the way people buy and build homes. There are many factors that can help explain the rise of multigenerational living. 12 percent of home buyers purchased a multi-generational home to take care of aging parents, because of children over the age of 18 moving back home, and for cost-saving.
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Likewise, experts cited the growing immigrant population, economic, and cultural factors that are fueling this trend. The Asian and Hispanic populations are growing steadily, and they are more likely than whites to live in a multigenerational household, according to the Pew Research Center report. Skyrocketing rents and home prices, especially in some cities, are also affecting a growing number of people. Many of them decide to move back to their homes, especially those who are struggling to get good-paying jobs or still paying off student debt. Likewise, adult children offer their home to their aged parents as a convenient and cost-effective option. Continued....
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TCG HOT TIP
Is purchasing a home a goal of yours in 2021? Our Agent Brandon Baker gives advice about getting pre-approved to purchase a home and why it is so important, especially in a hot market!
WATCH MORE VIDEOS
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GETTING PRE-APPROVED
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Check out this week's open houses happening from 2-4PM.
View all open houses in Wichita and surrounding towns.
Find one you like? Give us a call for more details or to view it in advance.
316-634-6767
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Looking for something specific? Shop all properties in Sedgwick and Butler County. Narrow your search by newest, price range, zip code and more.
Want to be in-the-know about upcoming listings? Email us to be added to the list!
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2600 200TH ST, VIRGIL KS
$3,500,000
4 BED | 5+ 2 HALF BATH | 3 CAR GARAGE | 6500 Sq Ft
Let this stunning ranch situated on 325 acres of trees, ravines, and pasture land be your own oasis that includes the main house, ranch house, pole bar, dog house with kennels and outside pens, stable with three separate stalls, small work shed, working cattle pens, extra large generator for entire house and pool, two propane tanks for main house and one for the ranch house.
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2600 200th St, Virgil KS
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This information is not verified for authenticity or accuracy and is not guaranteed. You should independently verify the information before making a decision to purchase. © Copyright 2020 South Central Kansas MLS, Inc. All rights reserved. Please be aware, property may have audio/video recording devices in use.
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