Millennials and Real Estate

I just read an interesting article about the Millennial generation.  To all those who consider themselves Millennials, let me know if you resonate with this article and sentiment – I’m interested in you input.

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A few highlights from this article:

  • Millennial buyers have increase 62% in the last 4 years
  • There’s a reason why Millennials are/were sheepish about buying – any guesses?  One word, The-Great-Recession-of-the-early-2000’s!  Guess what?  They have jobs now and want to buy some houses!  YAY!
  • “Sacramento is the 15th-toughest city in the country for first-time buyers to come up with a down payment. Six California cities rank in the top eight nationally, all coastal, led by Los Angeles and San Francisco.”  I thought this was an interesting statistic.  I’m thinking the wages in Sacramento have not quite caught up?
  • Builders are designing homes around Millennials – “experiential environments,” no more dens, bicycle storage areas, and pet-centric.
  • With a low inventory of houses on the market, buyers are experiencing multiple offers and are frustrated about getting beat out by cash offers.

The last one I can certainly confirm, however, I’ve had success in negotiating on behalf of my clients, knowing the market, and understanding people.  Give me a call and I can lend my expertise.

Read article here and let me know what you think.

Best,

Keith Klassen, Real Estate Broker – 916.595.7900

Specializing in Residential Real Estate Sales and Property Management

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Median home price highest since 2007 (beginning of recession)

 

Millennial are buying for the pie pets

Being out bid

 

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One response to “Millennials and Real Estate

  1. Pingback: Millennials and Real Estate - Howzes™

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