Millennials are redefining the “traditional dream home.” Experts predicted that Millennials would be on a financial upswing this year—and according to a survey by tuxedo rental service The Black Tux, 57% of those who are buying homes are spending between $100,000 to $300,000. While wealthier Millennial home buyers (yes, they exist) are spending more, there’s a catch: they’re not buying McMansions. Instead, they’re choosing “cozier bungalows” or tiny homes in less crowded cities with reasonable commutes. (Domino, WSJ)
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