millennials: Five Features Millennials Want in a Home
- 05/22/18 11:35 AM
Millennials roughly are defined as the generation born between 1981 and 1996, which means they're currently between ages 22 and 37. Not surprisingly, this generation makes up the largest population of home shoppers and purchasers of all generations. Considering the age spread, this demographic covers those most likely to purchase their first home, as well as those likely to sell their first home to purchase a more expensive home. Additionally, according to a the National Association of Realtors' most recent 'Aspiring Home Buyers Profile' report, of all the generations, Millennials find it the least difficult to save for a down payment. … (3 comments)
millennials: Shifting Narrative: Millennial's Active Role in Real Estate
- 11/18/14 11:15 PM
Millennials are the largest generation to come of age (the average age of 23) in the US. This past summer, Millennials were responsible for 30% of the home buying and 14% of the home selling that took place.
What are the primary causative factors contributing to the surge in millennial engagement with the market?
86% of millennials indicated they were looking to buy due to family composition change, marriage, birth of a child or planning for the birth of a child. This increased pattern of engagement is expected to continue as future job creation favors the … (1 comments)
Millennials roughly are defined as the generation born between 1981 and 1996, which means they're currently between ages 22 and 37. Not surprisingly, this generation makes up the largest population of home shoppers and purchasers of all generations. Considering the age spread, this demographic covers those most likely to purchase their first home, as well as those likely to sell their first home to purchase a more expensive home. Additionally, according to a the National Association of Realtors' most recent 'Aspiring Home Buyers Profile' report, of all the generations, Millennials find it the least difficult to save for a down payment. … (3 comments)
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