Why Aren’t Millennials Buying Homes? | Real Estate

Why aren’t millennials buying homes? Well when it comes to home buying, many real estate professionals believe that millennials don’t want to own their own. There is no doubt that first time home purchases are down significantly. In fact, it is down across all age groups, dropping from 69% in 2004 to 63.7% in 2015. The National Association of Realtors reports that first time home buyers are down 8%. As of March 2016, first time home buyers made up 32% of all purchasers compared to 40% in 1987. At the same time, millennials continuing to live at home has increased 15%.

But these statistics don’t mean that millennials don’t want to own their own home. Actually, the opposite is true. conducted a national housing survey which demonstrates that millennials do want to purchase real estate and are, in fact, moving toward home ownership.

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Casandra Properties of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don’t hesitate to give us a call (718)816-7799. If you think it is time to sell your house, we can get you top dollar for your property.

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