Millennials Looking Towards Homeownership

Dated: January 17 2019

Views: 59

If you follow pop culture news, you’d think that all millennials are concerned about is SnapChat and avocado toast. But according to a recent report, there’s something much more important on millennials’ minds these days—and that’s buying a home.

According to the 2018 Home Buyer Report from NerdWallet, a whopping 82% of millennials say buying a home is a priority, significantly higher than older generations (which came in at 75% for Gen Xers and only 69% for Baby Boomers). And the reason? 64% say they want to buy a home because it’s a good investment—an even better investment than padding their retirement accounts. 56% of millennials surveyed agree with the statement “I would rather have a home I own appreciate in value than have more money in retirement savings”.

The Takeaway

If you’re a millennial who’s looking to purchase a home, you’re not alone. And with still-competitive interest rates and new inventory set to flood the market later this year (which will drive down prices), there’s never been a better time to start your home search.

Blog author image

Kelly Chewning

My name is Kelly Chewning and I am a native of Fredericksburg, Va., born and bred. I grew up in the 80’s when Fredericksburg was a small rural town, and I had the joy of evolving from a child to an ....

Latest Blog Posts

Happy Thanksgiving

From The Glover Team with United Real Estate Premier we wish you a Happy Blessed Thanksgiving!  May you continue to count your blessings and appreciate all this season has to offer.   

Read More

Pecan Or Pumpkin The Great Debate

It’s the great debate every Thanksgiving! Which is your favorite? #pumpkinvspecan #pecanvspumpkin #pumpkinorpecan #pecanorpumpkin #thanksgivingpie #thanksgivingpiebattleTricia Glover, RealtorThe

Read More

5 Reasons To Sell During The Holidays

With very few homes on the market, now is the time to get top dollar when you sell. Give me a call if I can be of any help. #thegloverteam #newhome #newhomebuyer #homebuyertips #homebuying

Read More

Tips To Sell Right Now

Tips to Sell Your House Safely Right Now #thegloverteam #tuesdaytipSome Highlights Your agent now has over 6 months of experience selling houses during the pandemic and can make the process

Read More