In a new study, it seems that Millennia’s are more confident than any other age group about purchasing a home being a good investment. The Millenia generation consists of Generation X – those born between 1965 and 1969, and Generation Y- those born between 1980 and 2000. The older of the Millennia generation are at the age when people tend to buy a first home and many are optimistic about it being a good investment in their future.
According to the Study, the largest group of buyers was in the Generation X group, accounting for 31% of recent purchases while 28% of recent purchases were by buyers from Generation Y. The study found that many of these buyers were staying within 10 miles of their previous residence (often a rental apartment or living with their parents). The Millennia generation has purchased a higher rate of purchase than the Baby Boomer generation when they were the same age.
Check out this video with more information on the fascinating study.
No matter what group you fit into, we can help you find the home of your dreams (and help you move on to something different if you wish to sell). Give us a call today to see how we can help.