Buying Trends - Millennial Home
: Watching property values skyrocket has motivated millennials to view real estate as the most reliable vehicle for building long-term equity . π§ Major Barriers to Ownership
: Millennials carry massive student loan burdens . Those with student loans take an average of seven years longer to buy a home than those without . millennial home buying trends
: The typical first-time millennial buyer is now 36 years old . This is notably older than previous generations at the exact same life milestone . The Older vs. Younger Split : : The typical first-time millennial buyer is now
The following scannable report outlines the current trends, motivations, barriers, and property preferences defining the millennial home buying journey. π Market Share & Demographics Younger Split : The following scannable report outlines
Younger Millennials (ages 29β35) make up the bulk of first-time buyers .
: An overwhelming 74% of millennials still view homeownership as a core component of the American Dream .