Millennials... It's what's up in the home buying arena.
Devon Thorsby as written a well researched article titled: 10 Ways Millennials Are Changing Home Buying. This article was published some time back and recently updated at U.S. News & World Report.
You can read this awesome article here... on continue on.
The NAR (National Association of Realtors) defines the millennial generation as people born between 1998 and 1980... age bracket is between 32 and 40 year old. This generation is further said to make up 37% of the current pool of home buyers in the United States.
That is and phenomenal number of buyers in the home buying pool. Millennial home buyers are not to be ignored. Watch as this group of people continue to set trends and change the way home buying is conducted.
To stay in touch with key millennial trends click on each of Devon's 10 Ways Millennials Are Changing Home Buying.
- Text communication is key
- Research is a natural part of the process
- The hub for advice is online
- Homeownership is focused on building wealth
- Kid friendly housing makes a comeback
- Walkability is a must
- Eyes are on garages and kitchens
- High home prices don't deter eager buyers
- Low down payments solve saving issues
- Parents play an important role
The information that Devon has researched and written about is a goldmine of insights and clues. You are better able to see into the minds and motivations of the millennial generation. There is no way to deny that the millennial generation is setting the tone for the future of home buying. They will be a force of positive change and future American wealth.
Go ahead... tip your hat to the millennial generation. They might just teach us a thing two.