![Millennials Are on the Move as First-Time Homebuyers [INFOGRAPHIC]](http://myhomeidaho.com/wp-content/uploads/2019/12/20191206-KCM-549x300.jpg)
by MyHomeIdaho | Dec 7, 2019 | First Time Home Buyers, Infographics, Millennials
Some Highlights: According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32. With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market,...
by MyHomeIdaho | Nov 7, 2019 | First Time Home Buyers, For Buyers, Millennials
Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News, “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation...
by MyHomeIdaho | Oct 24, 2019 | Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Millennials, Move-Up Buyers, Senior Market
Did you know that 1 in 6 Americans currently live in a multigenerational household? According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the...
by MyHomeIdaho | Oct 16, 2019 | Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers
Gen Zers are the next generation of homeowners, and they’re eager to jump in and buy their first homes. Whether you are part of this generation or any other, it’s never too early to start saving, so you can reach your homeownership goal sooner rather than later....
by MyHomeIdaho | Sep 12, 2019 | Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers
In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues...
by MyHomeIdaho | Aug 6, 2019 | Buying Myths, Demographics, First Time Home Buyers, For Buyers, For Sellers, Millennials, Move-Up Buyers, Rent vs. Buy
On his personal website, self-made millionaire David Bach makes a striking statement: “Not prioritizing homeownership is the single biggest mistake millennials are making.” He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in...
