More millennials to purchase homes [VIDEO]
More young adults are getting hired, and that means more of them could soon be buying homes too.
In addition to the employment spike among young people, there’s been a miniature baby boom recently as well. A perfect home-buying storm is brewing for the new families of people between 24 and 35 next year.
The top driver for home-buying is life – as families come together and babies are born, people will need to purchase houses. The primary factor behind most home purchases is an anticipated change in family size.
And that’s a good sign, because 32 percent of millennials anticipate having a larger family soon, while 18 percent recently expanded their household.
Next year should be a big year for the housing market, as more millennials dive into the home-buying process.
By: Equity National January 2, 2015 Uncategorized
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