Millennials Believe Homeownership Is Still Part Of The American Dream
Millennials Believe Homeownership Is Still Part Of The American Dream
A New study shows that 84% of Millennials Believe Homeownership Is Still Part of the American Dream, But There Are Hurdles to Overcome
Key insights include:
- Millennials are thinking long term about where they buy: They value safe neighborhoods and good school districts over walkability and short commutes.
- Millennials are 52% more likely to buy a multi-family property compared to older generations (Generation X and Baby Boomers).
- Millennials won't shy away from a fixer-upper. 67% would put an offer on a home that needs major repairs.
The 2019 Report surveyed 1,000 U.S. residents in the market to buy a home within the year. Over half of respondents were classified as Millennials.
78% of Millennials are first-time home buyers and 38% aren't working with an agent to find a home (and might not realize sellers usually pay buyer agent commission).
Despite the popular belief that Millennials are short-sighted and flippant, most Millennials value good school districts and safe neighborhoods over walkability and short commutes. Only 9% of Millennial home buyers are afraid of being tied down to a home. Millennials believe buying a home is a good investment, and they're thinking long term about their decisions.
In fact, Millennials are looking to get into real estate investing. Millennials are 52% more likely to buy a multi-family home than older generations. They see the benefit of becoming landlords and generating passive income to help pay off their debt.
With Millennials struggling to pay off debt and save for a down payment, many home shoppers realize they can't afford a huge mortgage payment every month. Due to their financial constraints, Millennials are also willing to take on properties that need repairs. 67% would put an offer on a home that requires major repairs (this could be dangerous for many buyers that don't realize the true cost of homeownership).
Author:Jim Sfarnas Phone: 513-657-9272 Dated: March 18th 2019 Views: 168 About Jim: My goal as a Realtor is helping people find their perfect place to call home and helping sell their ...
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A word from Chris Russell, CEO of Plum Tree Realty:
"One of my greatest passions is to use our real estate business to help alleviate suffering in this world. So we take proceeds from Plum Tree to help orphans, feed the hungry, heal the sick and hurting, and to aid the homeless ... both in the States and abroad. We are not about "getting rich." We are about making a difference. So when you do business with Plum Tree Realty, you can know that a portion of your money is going toward helping those on this planet who are in need of help. Together we can make a difference!"
To help people realize their dreams in home ownership and real estate investing through the highest levels of broker services at the most affordable prices available.
Our Core Values:
Integrity in every relationship, decision, and transaction.
Truth in word and deed.
Hard work that keeps us ahead of the competition.
Sacrifice of our own interests for the gain of our clients.
Commitment to excellence in every task we perform.
Respect for all people.
Giving to those with whom we work.
Areas of Expertise:
Residential Real Estate Sales and Purchase
Commercial Real Estate Sales, Purchase and Leasing
Real Estate Investing (buying, selling, holding, rehabbing)
Property Management and Leasing
Putting it Together
Plum Tree Realty is a premier real estate marketing company focused on helping buyers and sellers get the highest level of real estate services. We help home owners, for instance, who have homes for sale in Mason, Ohio to price their homes in a competitive way since the market is growing in such a fast rate in that area. When a buyer is looking for West Chester, Ohio real estate for sale, we can guide them to the very best deals that are available, and we can give them expert advice as they make such a huge purchase. We cover all of the major real estate markets of the Greater Cincinnati including the following hot markets:
Cincinnati, OH Real Estate (homes for sale)
West Chester, OH Real Estate (homes for sale)
Madeira, OH Real Estate (homes for sale)
Monroe, OH Real Estate (homes for sale)
Indian Hill, OH Real Estate (homes for sale)
Hyde Park, OH Real Estate (homes for sale)
Blue Ash, OH Real Estate (homes for sale)
Lebanon, OH Real Estate (homes for sale)
Loveland, OH Real Estate (homes for sale)
Fairfield, OH Real Estate (homes for sale)
Hamilton, OH Real Estate (homes for sale)
Liberty Township, OH Real Estate (homes for sale)
Kenwood, OH Real Estate (homes for sale)
Mount Adams, OH Real Estate (homes for sale)
While some people search for homes according to the suburb names, others are very interested in the top school districts in the area such as homes for sale in Mason School District, homes for sale in the Lakota School District, homes for sale in the Wyoming school district, homes for sale in the Sycamore school district, homes for sale in the Monroe School District, and more. Our agents are highly-skilled in placing families in the best school districts in Cincinnati according to the desires of each family involved.
Of course, we also have great skill in helping buyers and investors find foreclosures, short sales, bank owned homes, and other great investment properties in the Greater Cincinnati Metro Area as well. Many of our agents are investors themselves, so they are great at helping other investors be the first one to the "golden egg."
We also have agents who specialize in helping families who are relocating to Cincinnati, Mason, West Chester, Blue Ash, Madeira, and any of the other regions in Southwest Ohio. It's great to have "feet on the ground" when you are looking to make such a move.
Plum Tree Realty has also become quite a favorite company for those who like to try to sell their home as a For Sale By Owner in Cincinnati as well. The reason for this is that we offer a $500 flat-fee listing to home owners who would like to sell as a FSBO, but they would also like to have a presence on the Cincinnati MLS search for homes for sale. Most FSBOs miss that exposure, but for just $500, we can help them get listed on the Cincinnati MLS and find buyers at the speed of ... the internet!
While most brokerages feel they have the best agents in Cincinnati, we truly believe that we are at the top. Many larger companies like Sibcy Cline, Remax (RE/MAX), Coldwell Banker West Shell, Comey & Shepherd, and others are at a size that makes it difficult for them to react to the markets and changing times at a great speed. Since Plum Tree is smaller, we are able to respond to market conditions rapidly and efficiently which gives us a disting market advantage. Remember: "It's not the big who eat the small; it's the FAST who eat the SLOW!"
"We used plum tree realty to sell our house. The experience was superb, we will never use a different realty company for this process. We were under contract within the first week of signing with them."