Millennials Are Looking To Buy Homes!

Millennials are looking to buy homes right now. According to the National Association of Homebuilders, millennials are the largest demographic that is buying homes right now. The NAHB did a study that concluded that 77% of millenials are looking to buy homes right now. This is more than the baby boomers and gen X put together.

WHY ARE MILLENNIALS LOOKING TO BUY A HOME?

Most of the millenials that are in search for a new place to live are specifically looking to buy a home. Millennials are looking to buy homes and very few are interested in living in a condo or townhome. According to an article from MReport, millennials are wanting larger homes.The MReport states, “Fifty-seven percent of first-time buyers surveyed said they want more space, and it is the main reason they want to move”. Therefore, they are leaning towards finding larger homes in suburban areas. Studies also show that millennials want homes that are move in ready and don’t need to be renovated. They don’t want to deal with the hassle of renovating a home.

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