Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]
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Some Highlights:
- According to the US Census Bureau, “millennials” are defined as 18-36-year-olds.
- According to NAR’s latest Profile of Home Buyers and Sellers, the median age of all first-time home buyers is 32.
- More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!
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The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, […]
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There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). […]
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While […]