Millennials Are Buying Homes

Dated: 11/08/2017

Views: 411

Millennials are buying homes! What is the driving factor? .....HIGH RENT!!

A Redfin survey mentioned that 45.4% of first time home buying millennials said that high rent influenced their decision to buy vs life events such as marriage and expanding/growing their family.

Millennials are becoming one of the largest group of home buyers according to Zillows head chief marketing officer.

4 ways to know you’re ready to buy a house   

  • Rent is too high.. You could possibly be paying more for rent than you could on your own mortgage payment! Even better, you could possibly match your rent payments to what your mortgage could be.

  • Financials are in order or close to it. Your income is stable and you can afford the down payment or qualify for a down payment assistance program so you can quit wasting money on rent and start building equity in your new home.   

  • You’re ready to settle down. You’ve been renting in an area that you love and want to stay there. 

  • You’ve done your research. Owning a house has been on your mind lately. You might even be looking around at websites like and Zillow to find homes.

Sound familiar? You might just be ready to buy a home!

Talk to a Real Estate Advisor today to learn more about the housing process in your area.

Latest Blog Posts

You’ve found a home you’d like to buy. How much should you offer to pay?

To help answer this important question, your buyer’s representative will prepare a detailed Comparative Market Analysis (CMA) that examines recently-sold properties, active listings, pending

Read More

Here’s Why You Need a Real Estate Agent like Mark Van Dyke if You’re Flipping Houses

House flipping may sound like a fun, easy way to make fast money on a real estate investment, but flipping a house isn’t as simple as it seems on TV. Buying, remodeling, and selling a home in

Read More

The FHA Certification Checklist: Is your home even finance-able?

The government has published some pretty thick literature about the FHA Certification Requirements and the conditions homes must meet in order to qualify for financing with an FHA loan. 

Read More

Why Should You Use a Real Estate Agent to Sell Your House?

Before he signed with a listing agent, Mark Van Dyke's neighbor tried to sell his home by himself. Van Dyke is a real estate agent, so he knows firsthand the hard work that goes into selling a home.

Read More