The Next Generation of Homebuyers
Posted by Sam Dykstra on
As housing prices continue to soar with no certain expectations of the housing market cooling down, many potential homebuyers are asking the question, “How can I afford it?” A sizeable portion of the general population posing this question are millennials, individuals born between 1981 and 1996. A recent survey conducted by the National Association of Realtors (NAR) found surprising information regarding this age group and their viewpoints on homeownership.
Millennials are rapidly approaching prime homebuying age. Nine out of ten respondents of a recent survey expressed a strong desire to purchase a home, with 75% reporting a time horizon of fewer than three years. As we know, the COVID-19 pandemic and the rising ability to work remotely have greatly…
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