Thanksgiving hosting plans now influencing homebuying decisions across America

A growing number of potential homebuyers are factoring in Thanksgiving as they search for their next home. More than half (52%) of U.S. adults said finding a home where they can host the big feast has played a role in their search, according to a recent Realtor.com survey. Sixty percent of Gen Z and 60% of millennials said that Thanksgiving entertainment factored into their housing decisions. That compares to the 47% of Gen X and 30% of baby boomers that factored in entertaining for the holiday.  WHY ARE MORTGAGE RATES INCREASING DESPITE A RATE CUT FROM THE FED?One way to determine if the home was good for hosting was the size of the living room. The majority of respondents, over 90%, said a large family room and a big kitchen were the top factors to welcome guests. Only a fraction of respondents, about 12%, said chef-inspired amenities like double ovens, were a "must-have" to host.MORE THAN HALF OF US HOMES LOST VALUE OVER THE LAST YEARExtra bedrooms and bathrooms are less important, although nearly half of respondents said they would rather have a spare bedroom. About 45% said they would prefer an extra bathroom. EX-NYC MAYOR DE BLASIO DEFENDS MAMDANI'S RENT FREEZE PROPOSAL WHILE OTHERS WARN OF MARKET DAMAGERespondents also noted that the ideal number of bathrooms scales with household size. One- and two-person households prefer two bathrooms, while homes with three or more people seek three bathrooms.Top features that will increase a buyer's willingness to host, according to Realtor.com: Realtor.com senior economist Joel Berner told FOX Business that the fact that "younger generations are so interested in hosting Thanksgiving and having a home that meets those needs speaks to the fundamental strength of home demand in the U.S." Home sales have been slow this year, but Berner said younger generations are still eager to own a home.GET FOX BUSINESS ON THE GO BY CLICKING HERE"It's affordability that's keeping these younger buyers out of the market, not apathy toward traditional homeownership," he said. "As affordability improves, like it has started to with mortgage rates falling in recent months, expect sales to improve as well, because young Americans really do want a home of their own that they can host holidays in."Weiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business