This is a question we hear often these days. With the coming of industry disruptors like Opendoor, and discounted brokerages...people are wondering what they are paying for. Lets start off with who
Millennials Will Continue To Drive Homeownership Growth In 2019
Dated: March 1 2019
Views: 7
The millennial generation (which is defined as people between the ages of 19 and 35) is the largest in US history, and currently they’re also the largest in driving homeownership growth.
According to a recent report from financial services company First American, the millennial generation had a huge impact on the housing market in 2018. While millennials still have lower homeownership rates than Baby Boomers or Gen Xers, millennial homeownership rose 1.2 percentage points year over year in Q3 2018—which made households under the age of 35 a larger contributor to homeownership growth than any other generation. And as more millennials approach their thirties and start marrying and starting families, that trend will only grow (according to the report, aging millennials will purchase a whopping 10 million new homes over the next decade).
The Takeaway
If you’re a millennial and have been thinking about buying a home, you’re not the only one. 2019 is a great time to join your peers and make your dream of homeownership a reality.
Frank Bisono
Thank you for checking out my profile! I'm Frank Bisono, co-owner of the A Team, a Platinum Award Winning team at RE/MAX. I am a top-producing, award-winning real estate professional with expertise in....
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The millennial generation (which is defined as people between the ages of 19 and 35) is the largest in US history, and currently they’re also the largest in driving homeownership growth.
When you’re looking to buy a home, you may wonder, “Does it matter if the property is listed with a real estate agent or the owners who are trying to sell it themselves?” Um, yes. It matters.
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
