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More Homeowners Factoring Holidays Into Home Buying: Survey

More Homeowners Factoring Holidays Into Home Buying: Survey

Summary

More than half of Americans consider the ability to host Thanksgiving when buying a home, according to a survey from Realtor.com. Younger generations, like Gen Z and Millennials, prioritize holiday hosting more than older generations. The trend suggests home designs may evolve to include larger spaces for gatherings.

Key Facts

  • Over 50% of Americans said hosting Thanksgiving affected their home buying decision.
  • 60% of Gen Z and Millennials value hosting Thanksgiving during their home search, compared to 47% of Gen X and 30% of Baby Boomers.
  • Important home features for hosting include a large family room and big kitchen, with 92% of surveyed people citing them as motivating factors.
  • 61% of people see a double oven as desirable but not a must-have; overall space and layout matter more.
  • Preferences for extra bathrooms or bedrooms vary, with Gen Z favoring bathrooms more than other features.
  • The survey covered 1,000 Americans aged 18 to 65 and was conducted from October 17 to 19.
  • Buying homes during the holiday season can offer benefits like lower competition and financial incentives.
  • Homebuilders and sellers might focus on creating and marketing homes that feature larger spaces suitable for gatherings.

Source Information