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5 Reasons Millennials Choose To Buy

By
Real Estate Broker/Owner with The Real Estate Agency (Office License: 265417) 317824

5 Reasons Millennials Choose to Buy [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
  • The top reason millennials choose to buy is to have control over their living space, at 93%.
  • Many millennials who rent a home or apartment prior to buying their own homes dream of the day when they will be able to paint the walls whatever color they’d like, or renovate an outdated part of their living space.

 

Source: Keeping Current Matters | The KCM Crew 012618

Doris Freeman
Zach Taylor Real Estate - Gallatin, TN
Broker/Agent, 615-961-7799

Thank You for the post, my children/grandchildren millennials .  So it is interesting to see the differences in why they buy vs. my generation.

Jan 26, 2018 07:34 AM
William McClain
London Foster - Miami Beach, FL
Your South Florida Waterfront Specialist!

Reasons 1-3 are spot on in my market! Very interesting post!

All the best!

Jan 26, 2018 07:38 AM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Good points all Jennifer Carstensen ! Some of the old reasons in addition to the social aspects of home ownership also still work for the millenials in addition to everyone else, like:

1. reduced taxable income through mortgage interest deduction

2. forced savings

3. leveraged borrowing taking advantage of home appreciation

4. level mortgage payments in times of increasing rents

Yes, a good time to buy. 

Jan 26, 2018 08:25 AM