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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 Analysis, Community Report, Local 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 Harbor, Langley, Coupeville, Clinton,
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RE/MAX Eastside Brokers
11555 SE 8th St Ste #200
Bellevue, Wa 98004
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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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