Are Millennials ready to buy homes?

Using data produced by the National Association of Realtors, the Washington Post recently published an article about the intentions of Millennials towards home buying. The message seems to be that while millennials are not buying homes at an early age as their predecessors did, buying a home is still important to them.

Change in home ownership since 1960

Factors affecting first home buying

Are Millennials financially ready for home ownership?

When did Millennials know they wanted to buy a home?

Why do Millennials Buy Homes?
Perhaps the most important chart is the one below, which shows why Millennials buy homes.

Comment
The timing of home purchase may have changed dramatically over the years. but the desire to own a home has not. Millennials may be happy to share a car, but at some point they want to own their own “castle”.

If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.

Are you thinking about selling? Read  Which broker should I choose to sell my house?

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Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

@OliverReports