High-Income Millennials Are Moving Into The Luxury Housing Market

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For many first-time buyers, lower mortgage rates allowed them to stretch their budgets and buy more expensive homes.

of residential real estate transactions. Within this context, first-time buyers are boosting housing in 2021 and beyond, playing an important role in real estate markets across the country. in Chicago, and her husband, Diego Casanova, principal at a management consulting firm, were able to find the right mix of features and amenities in their new home at 1400 Monroe, a seven-story boutique condominium building under construction in Chicago’s West Loop.

“We’ve been renting in Chicago for a while now,” said Cedeño. “As we grew in our careers, we gained a little more stability, knowing that we were going to stay in Chicago. We decided it was time to invest in a home.” The residences will feature oversized loft-style windows, generous private balconies, expansive outdoor terraces for second-floor homes, a package reception system, dry cleaning drop-off and pick-up services, private deeded garage parking, individual storage lockers, a dog-washing station and cold storage for grocery delivery.

 

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Money 💰 is the root of all evil.

Yupp!

Tell us something new.

Very sure the Gen Z had built most of them.

Must be nice.

As they should!

house

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