Compared to previous generations, millennials have been cautious to enter the real estate market. Coming of age right at the most spectacular housing boom and bust in modern history—the 2008 Recession—made for a generation of observant and media-savvy homebuyers. But the tide is finally turning.
Based on recent data from Nationwide Mortgages, 66.1% of Millennials' report that they plan to buy a home in the next 5 years. Are you ready for this dynamic demographic of homebuyer?
It’s good news for the real estate world that 65.3% of millennials associate home buying with achieving the American Dream. That’s more than any other generation! Millennials put a high personal value in achieving the milestone of buying a home—precisely because it is harder…
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