Young Home Buyers

By
Real Estate Agent with Remax Eastside Brokers

 

 

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Do you think at a young age you won't have your own house yet? Actually, it's better to start investing your money to your dream house at the young age.


Young buyers are the age under 35, these buyers are now leading in the market this Spring 2017. Housing market had increased by this young consumer.


In its February installment of the National Housing Survey, Fannie Mae saw surging Millennial confidence in the housing market, even with mortgage rates seemingly poised to rise, and home prices at near-record levels.


Millennial home buyers have more secured job and increasing income and most of them are married with children. Based on the report 49% of Millennial buyers have at least one child.

 

In all aspect of the marketplace, these young buyers with children are the key in shaping the future of the real estate.

 

With more kids, more of these buyers leave their dreams of a Bohemian urban existence. Most of them are settling for suburban settings as a suitable place to grow families.

 

The National Association of Realtors says just 15 percent of Millennial buyers chose an urban area in 2016, down from 21 percent just two years ago.

 

Today, a limited supply of existing starter homes for sale is creating extreme competition for Millennials, most of them are first-time buyers.

 

New construction of starter homes is increasing, but builders favor a slow and measured approach to projects to avoid any potential for labor and financial shortfalls. A significant boost in new and existing inventory would go a long way to ensuring the opportunity for more Millennials to reach the market.

 

Though almost all Millennial real estate customers are the data or information available on the Internet before buying, they are also the age group most likely (92 percent) to contact a “flesh and blood” agent.

 

Buyers and sellers of all ages — but especially younger and often DIY-minded consumers – appreciate a real estate agent’s ability to dissect information and coach them through the complexities of a real estate transaction.

 

 

 

 

 

 

For more information on homes, communities, or anything else regarding your Real Estate needs it would be my pleasure to assist you. Please contact me

Shawn McNeal

360-929-6650

Email Me :  shawnsellshomesinwashington.com

 

 

My website gives information about the Market AnalysisCommunity ReportLocal Schools Report and Home Prices. If you are looking to buy a home, the property information is direct feed from the WA MLS or if you are looking to sell, get a FREE Home Valuation to see what your home is worth!

 

 

 

 

 

 

Look for homes for sale in  Oak HarborLangleyCoupevilleClinton

FreelandCamano Island.

 

 

 

 

 

 

 

 

 

Low Down Payment Options

 

 

 

For information about financing options please visit the Bay Equity site for Dean Hayes. Getting pre-qualified can help you be realistic about how much of home you can afford. By speaking with Dean Hayes, you will discuss assets, credit, and debt to better understand where you stand financially in terms of getting the right amount of a home loan. Here you will find all of the information of products and services that Dean Hayes offers.  Getting pre-approved starts here!   

 

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RE/MAX- Acorn Properties 32800 State Route 20

Suite 2 Oak Harbor, Wa 98277

 

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For more information on homes, communities, or anything else regarding your Real Estate needs it would be my pleasure to assist you. Please contact me

Shawn McNeal

360-929-6650

Email Me :  shawnsellshomesinwashington.com

         

 

 

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Real Estate General Information
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Washington Island County Oak Harbor
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homes for sale
home buyer
young home buyer

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Ambassador
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Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

It is great to see so many young people purchasing homes that will only benefit them in the future

Apr 26, 2017 05:30 AM #1
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Shawn McNeal It is interesting how the report drills down to focus on the 'young buyers'. This may be true for certain market areas, but for my markets, the buyers are still the boomers.

Apr 26, 2017 05:51 AM #2
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Shawn McNeal

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