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There’s A New Buyer In Town: Millennials

Jim Selden

I am a real estate professional and Realtor representing both buyers and sellers of new construction and resale homes for over two decades...

I am a real estate professional and Realtor representing both buyers and sellers of new construction and resale homes for over two decades...

Jun 11 1 minutes read

The U.S. homeownership rate rose in 2017 for the first time in 13 years. Millennial home ownership was the largest increase of any age group from 2016-2017. This rapid increase could be due to multiple factors. Rent prices are at an all-time high, wages are rising at 2.9% per year (the fastest since 2009), and are in fact the largest population in U.S. history. 

In the next five years, a whopping 66% of millennials are expected to buy homes…and will most likely buy yours. 


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