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There's A New Buyer In Town

Kim Brogli

Kim Brogli began her real estate career in 1995 at the grand opening of the Bob Parks Realty Brentwood office, specializing in new construction...

Kim Brogli began her real estate career in 1995 at the grand opening of the Bob Parks Realty Brentwood office, specializing in new construction...

May 16 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.

*statistics sourced from:

https://www.nar.realtor/research-and-statistics/research-reports/home-buyer-and-seller-generational-trends | https://www.wsj.com/articles/homeownership-rate-rises-in-2017-for-first-time-since-2004-1517334537 | http://www.goldmansachs.com/our-thinking/pages/millennials/ | http://www.pewresearch.org/fact-tank/2018/05/04/more-than-a-million-millennials-are-becoming-moms-each-year/ | https://www.housingwire.com/articles/42748-millennials-lead-all-other-generations-in-buying-homes

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