Recent findings indicate that homeowners are significantly more likely than renters to cite concerns about crime and safety, as well as climate risks, as motivating factors for relocating. Notably, younger generations, particularly Millennials and Gen Z, express a heightened awareness of climate-related issues, being over twice as likely as Baby Boomers to consider climate risks when contemplating a move.
Methodology Overvie
The data was gathered from respondents who indicated they would “definitely” or “probably” move within the next year. Participants were presented with a list of 28 potential reasons for moving and were allowed to select multiple factors that influenced their decision.
Generational Insights
- Homeowners vs. Renters: Homeowners showed a greater tendency to mention crime/safety and climate risks as reasons for moving compared to renters.
- Youthful Concerns: Millennials (ages 28-43) and Gen Z (ages 18-27) were particularly vocal about climate risks, reflecting a generational shift in priorities and concerns compared to older generations like Baby Boomers (ages 60-65).
This survey sheds light on the evolving landscape of housing decisions, emphasizing the importance of safety and environmental considerations, especially among younger home seekers.
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