Platinum Home Mortgage
Data on Millennials and their participation with the housing market.
Millennial participants, ages 18-34, reported in the survey that they will be participating sooner than later. The majority of them plan to purchase their first home in the next 1-2 years.
Surprisingly, the Millennial’s most popular area to buy a home is outside city limits, in suburbia. Are they settling down? Urban/Metro areas were the second most popular.
Foreclosures are not the best way to go for all Millennials. Move-in ready homes doubled in popularity over fixer-uppers.
From an attractive design to the location, amenities are important to every home buyer. Millennials voted on various home amenities, and an attractive design was a main component they looked for in the home buying process. *Note: All surveyed were able to vote more than once for their most important amenities.
