{"id":280,"date":"2018-08-09T00:05:49","date_gmt":"2018-08-09T00:05:49","guid":{"rendered":"http:\/\/renwre.info\/2018\/08\/09\/the-wave-of-millennial-homebuyers-continues-to-swell\/"},"modified":"2018-08-09T00:05:49","modified_gmt":"2018-08-09T00:05:49","slug":"the-wave-of-millennial-homebuyers-continues-to-swell","status":"publish","type":"post","link":"http:\/\/renwre.info\/?p=280","title":{"rendered":"The Wave of Millennial Homebuyers Continues to Swell"},"content":{"rendered":"
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\"The<\/p>\n

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.<\/span><\/p>\n

Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things.<\/p>\n

For older millennials (aged 25-34) who have established themselves in their career and are starting to build their families, homeownership is the next logical choice.<\/p>\n

According to the Urban Institute\u2019s State of Millennial Housing<\/a>,<\/em> the probability of a millennial becoming a homeowner increases by 17.9% if they are married, and by an additional 6.2% if they have children.<\/p>\n

Last year, according to the US Census Bureau<\/em>, the average age at first marriage was 30 for men and 27 for women, while the National Association of Realtors <\/em>(NAR) reports<\/a> that the average first-time homebuyer was 32 years old.<\/p>\n

With most of this generation having yet to age into the \u2018Responsibility Zone\u2019<\/strong> (the time in their lives when their responsibilities start to dictate their behaviors),<\/em> there will be a steady wave of buyers for years to come!<\/p>\n

Those who are<\/em> currently out in the market searching for a home are being met with a strong, highly competitive seller\u2019s market. NAR\u2019s Chief Economist<\/em> Lawrence Yun recently commented<\/a>,<\/p>\n

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\u201cRealtors\u00ae throughout the country continue to stress that there\u2019s considerable pent-up demand for buying a home among the millennial households in their market. <\/em>\u00a0<\/em><\/p>\n

Unfortunately, they\u2019re just not making meaningful ground, and continue to be held back by too few choices in their price range, and thereby missing out on homeownership and wealth gains.\u201d<\/em><\/p>\n<\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

If you are currently renting and thinking about jumping into the real estate market this year, let\u2019s get together to help you navigate our market.<\/p>\n<\/div>\n

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Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having Continue reading The Wave of Millennial Homebuyers Continues to Swell<\/span>→<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/280"}],"collection":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=280"}],"version-history":[{"count":0,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/280\/revisions"}],"wp:attachment":[{"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=280"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}