Who are the ‘Millennial Buyers?
Millennial buyers are those in the 18-34 age or the “Generation Y” (born 1980-1995).
This group represents 31% of Home Buyers and 12% of Home Sellers.
“The millennials are now adding to the ranks of renters and will eventually spur demand for first-time homeownership. As the oldest members of this generation turn 30 this year and the economy continues to recover, that demand should begin to emerge more strongly.”
“It’s not OK to ignore proper risk management, an emergency fund, utilizing your 401(k) match, just because you’re so singly focused on buying property,” she said. “It is much more exciting, potentially, than saving for 40 years down the road, but it’s the responsibility of forward-thinking millennials to not be thinking of just property now and throwing caution to the wind in terms of everything else.”
Looking forward for the “Generation Y”.
Owning a home is a lifetime investment.
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Brock Realty Group
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