Millennials Looking Towards Homeownership

Dated: January 17 2019

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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.

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Kelly Combs

My name is Kelly Combs 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 adu....

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