millennial

The Millennial Homebuyer

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The Millennial Homebuyer

A recent study by apartmentlist.com focused exclusively on millennials and their intentions about buying a home. The data comes from nearly 6,000 millennial renters (age 18-34) at a time when home ownership for American's under 35 is the lowest in history since 1984.  Here, we break down the key findings in the [...]

The Millennial Homebuyer Affordability Crisis

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As millenials flock to major cities for professional opportunities, it seems their chances of being able to buy a home are slimmer than they realize. While nearly 80 percent of millennial homebuyers say they plan on purchasing a home someday, more than 40 percent have not started saving for a down payment.

 

Attracting Millennial Agents and Customers

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Millennials will soon become the largest group looking to buy and sell their homes, and are set to become the real estate industry?s most influential demographic. To keep your real estate business thriving over the next two decades, you will need to attract both Millennial customers and agents. Here are a few characteristics to keep in mind.

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New Housing Opportunities For Young Adults with Student Loan Debt

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“The prescription to the American Dream has always been working hard, saving money and investing in yourself, often by getting a great education. What has changed in recent times is that the third step – getting a great education is more expensive than ever.”

A Solution to The Affordabiilty Crisis? The Affordable Millennial Dreamhouse

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In designing homes, there is a need for flexibility to make it financially plausible for millennials to afford ownership. That means a lower price point and space to rent out while the millennial buyer builds equity. One solution is the “responsive home” built in Henderson Nevada as a collaboration between TRI Pointe Group’s Pardee Homes and Hanley Wood’s Builder Magazine.

How Millennial Homebuyers Are at a Disadvantage

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Buying a home can prove difficult depending on location, price, and rates; however, chances might be even harder for those a part of this generation: Millennials. For all those individuals born from the 1980s to late 1990’s, also known as the children of the Baby Boomers generation, can anticipate a harder time when looking into the housing market.

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