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

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Military
  • Toggle search form
  • MetaTrader 4 and 5 Applications Are Back in the Apple AppStore
    MetaTrader 4 and 5 Applications Are Back in the Apple AppStore Business
  • Erik Shoji Lifestyle  Luxurious Lifestyle, Wife, Cars, House, Income 2022
    Erik Shoji Lifestyle Luxurious Lifestyle, Wife, Cars, House, Income 2022 Lifestyle
  • Bloxtel Showcases World’s First Asymmetric Mobile Network Authentication
    Bloxtel Showcases World’s First Asymmetric Mobile Network Authentication Business
  • The Harris Poll’s Abbey Lunney to Speak at SXSW
    The Harris Poll’s Abbey Lunney to Speak at SXSW Business
  • The Jeep® Brand Announces Unprecedented Overlanding Trailer Co-Launch With ADDAX Overland™
    The Jeep® Brand Announces Unprecedented Overlanding Trailer Co-Launch With ADDAX Overland™ Business
  • 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
  • Evolve Bank & Trust Offers Innovative and Secure Options for New Partner, Harmonic
    Evolve Bank & Trust Offers Innovative and Secure Options for New Partner, Harmonic Business
  • Braintrust Tutors Adds Executive Sales Talent Jon Small and Eric Hoffman to Drive Growth
    Braintrust Tutors Adds Executive Sales Talent Jon Small and Eric Hoffman to Drive Growth Lifestyle
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 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

  • Koios Provides Update on Status of MCTO
    Koios Provides Update on Status of MCTO Business
  • Atlanta-Based Digital Marketing Company Interactive Search Marketing Has Announced Their Rebranding to Grater Digital
    Atlanta-Based Digital Marketing Company Interactive Search Marketing Has Announced Their Rebranding to Grater Digital Business
  • U.S. Secretary of Commerce Gina Raimondo Announces Fiber Manufacturing Expansions in North Carolina
    U.S. Secretary of Commerce Gina Raimondo Announces Fiber Manufacturing Expansions in North Carolina Business
  • Drake Plastics Announces New Director of Business Development for Europe
    Drake Plastics Announces New Director of Business Development for Europe Business
  • Minterest Launches Exclusive Early Access for NFT Holders Ahead of Public Launch
    Minterest Launches Exclusive Early Access for NFT Holders Ahead of Public Launch Business
  • MRC Recruiting Grows Team With New Additions to Staff
    MRC Recruiting Grows Team With New Additions to Staff Business
September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Maple Syrup Market Size, Share, Revenue, Trends And Drivers For 2023-2032September 21, 2023
  • War Day 146: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #FeyginSeptember 21, 2023
  • AED Presents Career Awareness Day at Elizabethtown Community & Technical College to Address Workforce ShortageSeptember 20, 2023
  • FAA Proposed Rule Would Reduce the Growth of Debris from Commercial Space VehiclesSeptember 20, 2023
  • War Day 147: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #FeyginSeptember 20, 2023
how to promote press release
VUGA Enterprises - media group PR & Marketing
  • Aningaq, a Global Think Tank Start-Up, Aims to Redefine the Future of Think Tanks
    Aningaq, a Global Think Tank Start-Up, Aims to Redefine the Future of Think Tanks World News
  • War Day 236: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 236: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Stenograph® Announces Phoenix on Demand, Allowing Rapid Transcript Creation From Audio Files
    Stenograph® Announces Phoenix on Demand, Allowing Rapid Transcript Creation From Audio Files Business
  • TEDxConejo – Erin Gruwell – The Freedom Writers
    TEDxConejo – Erin Gruwell – The Freedom Writers Lifestyle
  • Day 360: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    Day 360: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • U.S. is sending an additional 0 million in military aid to Ukraine
    U.S. is sending an additional $400 million in military aid to Ukraine Military
  • Koios Provides Update on Status of MCTO
    Koios Provides Update on Status of MCTO Business
  • Cocoon awarded  million contract for Marine Forces Storage Command humidity-controlled storage facility
    Cocoon awarded $11 million contract for Marine Forces Storage Command humidity-controlled storage facility Military
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved | Part of VUGA Media Group |  Fair Use and DMCA  |  Terms of Use  |  Get Published

Powered by .