Why Are #Millennials so Interested in Buying Homes? Look at the Statistics:
You've got to love #realestate when the stats spell it out for you in real time. The studies are in, and here's how you can tell that either you might be a millennial, or are dealing with a potential buyer who's a millennial —
Expect median income of a millennial home buyer to be around $77,400. That's up from the $76,900 back in 2014. Looking good. Also a millennial apparently will go for a 1,720-square-foot home costing $187,400, which is also up from the $180,900 only a year ago. Prices are going up, their savvy, their desire, and their ambition's going up, too.
And all of this for the one major reason cited by 48% of those millennial buyers (up from 39% a year ago): they just want to own their own homes!
You might think you’re a millennial home buyer just by your age, but you’d be sorely mistake. Find out right here what REALLY makes a millennial.