Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • US Tamils Congratulate Modi on His Third Consecutive Win in Indian Parliamentary Election: Tamils for Biden
    US Tamils Congratulate Modi on His Third Consecutive Win in Indian Parliamentary Election: Tamils for Biden World News
  • Secretary Antony J. Blinken Remarks to the Press
    Secretary Antony J. Blinken Remarks to the Press World News
  • Secretary Antony J. Blinken With Yerdana Yerzhanuly of Khabar TV’s Oyan!
    Secretary Antony J. Blinken With Yerdana Yerzhanuly of Khabar TV’s Oyan! World News
  • UK’s Psychiatrist-Led Diverse Diagnostics Offers Private ADHD Assessment with Free Consultations
    UK’s Psychiatrist-Led Diverse Diagnostics Offers Private ADHD Assessment with Free Consultations World News
  • Jungle Scout’s Amazon vs. Walmart Report Highlights Battle Over Grocery and Tech
    Jungle Scout’s Amazon vs. Walmart Report Highlights Battle Over Grocery and Tech Business
  • Shelley Clayton Selected for Top Business Owner of the Decade in Aesthetics by IAOTP
    Shelley Clayton Selected for Top Business Owner of the Decade in Aesthetics by IAOTP World News
  • Fernando Aguirre, Vice Chairman of DHS Ventures, Announced Acquisition of Grupo SILMEX for 0M Gaining Presence in Mexico
    Fernando Aguirre, Vice Chairman of DHS Ventures, Announced Acquisition of Grupo SILMEX for $750M Gaining Presence in Mexico Business
  • Battery Energy Storage Systems (BESS) Market Insights and Strategies 2023
    Battery Energy Storage Systems (BESS) Market Insights and Strategies 2023 Business
The Changing Landscape of North American Dream Homes: Zolo’s 2023 Survey Insights

The Changing Landscape of North American Dream Homes: Zolo’s 2023 Survey Insights

Posted on June 8, 2023 By NewsEditor

The Changing Landscape of North American Dream Homes: Zolo’s 2023 Survey Insights

The size of the North American dream homes is shrinking, but single-family suburban dwellings still reign supreme.

Chart showing survey data

See what homes are most desired based on generations

Chart showing survey data

Homebuyers want main floor bathrooms and updated kitchens

The size of the North American dream homes is shrinking, but single-family suburban dwellings still reign supreme.

The number one deal breaker in anything is usually price. We have too many people that need housing and not enough houses.”

— Nick Hill, Canadian Real Estate Investor Podcast Host

TORONTO, ONTARIO, CANADA, May 30, 2023/EINPresswire.com/ — Mortgage rates have risen precipitously both north and south of the Canada-United States border, and homebuyers face increasing challenges as their buying power shrinks. Despite these obstacles, the desire for single-family suburban homes remains strong, according to a recent survey conducted by Zolo, a real estate marketplace where homebuyers and sellers go to buy, sell, and learn about real estate.

The results outlined in the 2023 What Homebuyers Want Survey reveal that despite high prices, homebuyers still want single-family suburban homes. Other notable results include:

– 62% of respondents prefer a fully detached home, and 71% wish to move to either the suburbs or a rural area

– There are some generational differences in home preferences. Gen Z buyers want large, contemporary homes in good condition, while millennials prefer Victorian-style homes. for Gen X and Baby Boomers, bungalows represent the ideal home.

– Price is a critical determinant for homebuyers, with 66% of respondents ranking it as their number one deal breaker.

*High Prices Put Downward Pressure on the Ideal Home Size*

When asked about the ideal home size, 800 respondents lowered their expectations. In 2023, respondents indicated that a three-bedroom, two-bathroom home would suit them, a full bedroom smaller than the previous year’s survey results. Generation Z was the only cohort to buck that trend, preferring four-bedroom homes.

Nick Hill, Canadian Real Estate Investor podcast host, thinks this downsizing is likely driven by price pressure. “The number one deal breaker in anything is usually price. We have too many people that need housing and not enough houses.”

*Selling Your Home? Prioritize These Factors for the Spring Buying Season*

Zolo’s survey identified several key focus areas for home sellers looking to attract buyers in the current market. Among the top updates that hold significant sway this year are:

– A main floor bathroom (54%)

– An updated kitchen (53%)

– Outdoor spaces like a patio, deck, or outdoor space (50%)

By catering to the most sought-after amenities, home sellers can enhance the appeal and marketability of their properties.

About Zolo

Zolo is one of Canada’s most popular national real estate marketplaces. Each month, over 10 million home shoppers use Zolo to level up how they buy, sell, rent, finance, and learn about real estate.

Press Contact

Jordann Kaye, Content Marketing Manager and Spokesperson, [email protected], Ph: 902-401-0610.

Jordann Kaye
Zolo
+1 902-401-0610
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Instagram
YouTube
TikTok

You just read:

News Provided By

May 30, 2023, 16:11 GMT


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.



Article originally published on www.einpresswire.com as The Changing Landscape of North American Dream Homes: Zolo’s 2023 Survey Insights

Business

Post navigation

Previous Post: Dr. Zamip Patel publishes new Blog with easy-to-understand articles about male urology and infertility issues
Next Post: DOT Announces Leadership Team at FAA, Small Business Office

Related Posts

  • Banuba, an Industry-Leading Augmented Reality Company, Joins VR/AR Association
    Banuba, an Industry-Leading Augmented Reality Company, Joins VR/AR Association Business
  • Launches New Content Writing Service to Help Businesses Enhance Their Online Presence
    Launches New Content Writing Service to Help Businesses Enhance Their Online Presence Business
  • EyeQue Gives Back
    EyeQue Gives Back Business
  • Readout of Deputy Secretary of Commerce Graves' Meeting with Swedish Minister for International Cooperation and Foreign Trade Johan Forssell
    Readout of Deputy Secretary of Commerce Graves' Meeting with Swedish Minister for International Cooperation and Foreign Trade Johan Forssell Business
  • ArmorPoint Announces Strategic Partnership With CONNECT LATAM
    ArmorPoint Announces Strategic Partnership With CONNECT LATAM Business
  • E-WIN Launches Revolutionary Gaming Chair That Can Support Up to 550lbs
    E-WIN Launches Revolutionary Gaming Chair That Can Support Up to 550lbs Business
August 2025
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Javier Palomarez, USHBC President & CEO, Commends President Trump on Revocation of Biden-era Antitrust Executive OrderAugust 25, 2025
  • War in Ukraine, Analytics. Day 1264: Will There Be a Ceasefire after Alaskan Summit? Arestovych.August 25, 2025
  • AI World Conference San Diego Features Experts from Major Law FirmsAugust 24, 2025
  • Erica Whitfield’s Campaign Gains Momentum with Broad Coalition and Top-Tier TeamAugust 24, 2025
  • War in Ukraine, Analytics. Day 1271: What are the Consequences of Trump and Zelensky Meeting?August 24, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • ‘How do I survive?’: The renters and landlords losing out in the UK economic crisis – BBC Newsnight
    ‘How do I survive?’: The renters and landlords losing out in the UK economic crisis – BBC Newsnight World News
  • Gary Kasparov and Alexey Arestovych on western civilization in light of war in Ukraine.
    Gary Kasparov and Alexey Arestovych on western civilization in light of war in Ukraine. World News
  • AMCD Condemns Jihad Targeting of Christians Worldwide
    AMCD Condemns Jihad Targeting of Christians Worldwide World News
  • The Dairy Alliance Amplifies Love for Dairy Milk with TikTok Sensation, Maddox Batson
    The Dairy Alliance Amplifies Love for Dairy Milk with TikTok Sensation, Maddox Batson World News
  • Assistant Secretary Pyatt’s Travel to Houston
    Assistant Secretary Pyatt’s Travel to Houston World News
  • Secretary Antony J. Blinken And Dutch Foreign Minister Wopke Hoekstra Before Their Meeting
    Secretary Antony J. Blinken And Dutch Foreign Minister Wopke Hoekstra Before Their Meeting World News
  • War Day 243: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 243: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Digital PCR Market Size (USD 1.30 billion by 2030): Precision Diagnostics and Personalized Healthcare at the Forefront
    Digital PCR Market Size (USD 1.30 billion by 2030): Precision Diagnostics and Personalized Healthcare at the Forefront Business
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .