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Here’s Why Many First-Time Buyers are Holding Off on Their Plan to Purchase a Home

The millennials comprise the majority of first-time homebuyers in the real estate market. While it has been predicted that a lot of millennials will be making their first real estate purchase this year, a new survey shows that first-time buyers are holding off on their plans to purchase a new house.

Earth Day Influences Future Home Designs

The major obstacle to going green is the cost. The Forbes report, quoting CrediFi, estimated that an additional 10 percent to 30 percent cost would be shouldered by the developer.

Luxury Real Estate Markets Levelling Off Despite New Inventory

Houses that are priced at the top of the luxury market felt a decline in demand compared to the last quarter of 2015. The average sale price of a home in the Hamptons, one of the luxury neighborhoods in the US, was at $8.8 million for the first quarter of 2016. In 2015, a similar home in the same luxury neighborhood was at $12.3 million.