Millennials, Gen-Z Buy Homes Differently
Millennials have become the largest home-buying group but wait longer to buy, starting at age 35. Gen-Z buy homes earlier, starting at age 25. The bottom line for sellers is that they do buy homes, which, with the right agent, is a win-win.
WASHINGTON – Buying a home is the American dream for many. Still, the road to get there can be challenging, particularly for younger generations such as millennials and Generation Z. Amid low inventory and high interest rates, both groups have had to find different ways to achieve homeownership compared to other generations. Here are some of the ways these two cohorts are buying homes.
Down payments
The down payment is one of the most significant hurdles to buying a home. Millennials and Gen-Z feel this the most, with many unable to save enough money for a down payment. According to a recent survey by Redfin, besides homes being too expensive, 34% say that saving for a down payment is their biggest barrier to buying a home. While most are using their savings towards a down payment, many are looking at other options, with 39% of Gen-Z and millennials choosing to work a second job to afford their down payments. The family has also been a critical funding source, with 36% of both generations expecting cash gifts for down payments on their homes.
Why Buying Now with Charles Stallions is the Right Decision
Check out the latest Guide to Buying a Home.
With current market conditions, waiting to buy a home could mean missed opportunities. Home prices and interest rates are unpredictable, and delaying your decision might lead to paying more in the future. By buying now, you lock in today’s prices and build equity sooner, which can lead to long-term financial stability.
Partnering with trusted real estate broker Charles Stallions makes the process easier and more efficient. With years of experience in Pensacola, Pace, and Gulf Breeze, Charles deeply understands the local market and will help you find the right home at the best price. He’s known for his personalized approach and dedication to ensuring his clients make wise investments.
Don't let uncertainty hold you back. Whether you're a first-time homebuyer or looking to upgrade, buying now with Charles Stallions is the smart move. Secure your future and start building wealth through real estate today! Call or Text Charles Now at 850-476-4494
Why Selling Now with Charles Stallions is the Right Decision
Check out the latest Guide to Selling Your Home.
Selling your home can be a big decision, but the process becomes simple and stress-free with Charles Stallions. As a trusted real estate broker with years of experience in the Pensacola, Pace, and Gulf Breeze areas, Charles knows how to maximize the value of your property and get you the best possible deal.
The current real estate market is still favorable for sellers, with limited inventory driving up demand. By selling now, you can take advantage of the competitive market and high buyer interest. Charles Stallions will guide you through every step, from pricing your home accurately to negotiating the best terms, ensuring a smooth and efficient sale.
With his deep knowledge of the local market and his commitment to personalized service, Charles ensures that your home sells quickly and for top dollar. His proven marketing strategies, including online listings, social media promotion, and targeted outreach, will put your home in front of the right buyers.
Don't wait—selling with Charles Stallions today means you can move forward confidently, knowing you’ve made the right choice for your future.
Charles Stallions, a long-time resident of Pensacola, Pace, and Gulf Breeze, Florida, and real estate expert and broker since 1995, holds several designations, including CRS, Certified real estate specialist who is well-versed and educated in the mortgage industry. As your buyer representative, Stallions can guide you through your options from preapproval to approval. Call or Text Charles at 850-476-4494 and start packing. Stallions works with many moving companies and can advise you on how The Smooth Move process works.
The C-Note is a short version of the monthly newsletter put out by Charles Stallions, (CRS) Certified Residential Specialist, (SREE) Senior Real Estate Expert, (CPI) Certified Property Investor, New Home Specialist, Certified Buyer Expert, and Broker of Real Estate since 1995.
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If you’re ready to sell your home, you need a marketing expert. Charles Stallions, with over 28 years of experience, will advise and guide you through approximately 184 potential challenges that can arise during and after your home sale, ensuring a smooth closing. Call Charles NOW at 850-476-4494 for a 7-minute phone analysis of your home's value.
At Charles Stallions Real Estate Services, we utilize our TRI-merge System, which is known for its impeccable accuracy. We integrate data from the MLS, Zillow, Tax Rolls, and an appraisal evaluation system, along with one other secret ingredient, to determine the TRUE VALUE of your home.
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Authored by Charles Stallions, CRS, GRI, CBR, a leading real estate broker in the Florida Panhandle who has helped thousands of families move since 1995.
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