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Millennials Are on the Move as First-Time Homebuyers

Millennials Are on the Move as First-Time Homebuyers

4 years ago

Buying A Home First Time Home Buyers Infographics

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC] | MyKCM

Some Highlights:

According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32.
With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market, keeping buyer activity strong.
More and more “old millennials” (ages 25-36) are realizing that homeownership is now within their grasp, and they’re actively dominating the first-time homebuyer market!

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By Odeta Kushi, Deputy Chief Economist at First American (https://rismedia.com/2019/08/25/myth-20-percent-down-payment/) Since hitting a low point of 63 percent in 2016, the homeownership rate has rebounded, largely driven by millennial households purchasing their first homes. Many surveys, like one by Bank of the West, indicate ...

Millennials Are on the Move as First-Time Homebuyers

Some Highlights:

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