Do you want content like this delivered to your inbox?
Share

 

Share

There’s A New Buyer In Town: Millennials

Traci Jennings

Broker/Owner RE/MAX Real Estate CenterTeam Leader of The Jennings Real Estate TeamBuyer and Listing Specialist Meet Traci Jennings, a real estate powe...

Broker/Owner RE/MAX Real Estate CenterTeam Leader of The Jennings Real Estate TeamBuyer and Listing Specialist Meet Traci Jennings, a real estate powe...

May 16 2 minutes read

The U.S. homeownership rate rose in 2017 for the first time in 13 years. Millennial home ownership was the largest increase of any age group from 2016-2017. This rapid increase could be due to multiple factors. Rent prices are at an all-time high, wages are rising at 2.9% per year (the fastest since 2009), and are in fact the largest population in U.S. history.*

In the next five years, a whopping 66% of millennials are expected to buy homes…and will most likely buy yours.

*statistics sourced from:

https://www.nar.realtor/research-and-statistics/research-reports/home-buyer-and-seller-generational-trends | https://www.wsj.com/articles/homeownership-rate-rises-in-2017-for-first-time-since-2004-1517334537 | http://www.goldmansachs.com/our-thinking/pages/millennials/ | http://www.pewresearch.org/fact-tank/2018/05/04/more-than-a-million-millennials-are-becoming-moms-each-year/ | https://www.housingwire.com/articles/42748-millennials-lead-all-other-generations-in-buying-homes

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info