Job outlook promising young adults looking to buy their first homes!

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Real Estate Agent with Keller Williams Realty Dallas Fort Worth 214-552-2091 TX License# 0581538

Here Come the Millennials!! | Simplifying The Market

Here Come the Millennials!!

According to a recent Merrill Lynch study, eighty one percent of Millennials believe “homeownership is an important part of the American Dream”. This compares favorably to previous generations.
American Dream by Generation | Simplifying The Market
The obstacle seemed to be employment. It appears that is about to change.
The most recent jobs report disappointed many economists. However, the silver lining in that cloud of doubt was Millennials. Jonathan Smoke, realtor.com Chief Economist, reported:
“About 33% of civilian jobs created over the last 12 months have been for the young adults who are most likely to buy their first home. This should help support continued growth in the share of homes purchased by first time buyers, as economic success has been influencing older Millennials to jump into the housing market this year.”
Selma Hepp, chief economist at Truliaconcurred:
“The faster rate of job growth among Millennials will continue to bolster both the rental and for-sale housing markets for an extended period of time.”
It appears that Millennials will be entering the housing market in great numbers in the very near future.
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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Those that plan well in advance will and do do just fine.  It seems that those who run by the seat of their pants are the ones complaining.

Oct 21, 2015 11:59 PM #1
Rainmaker
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David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Raymond,

 

Good news for millennials is good news for our industry. I hope that “information” turns into action for many of this younger generation.

Oct 22, 2015 02:56 AM #2
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Rainmaker
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Raymond Edler

#1 Real Estate Office in DFW
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