Millennials are skipping starter houses. mortgage masters group millennials aren’t buying starter homes – they’re splurging on million-dollar places instead. A September report from the real-estate website and app Zillow found that millennials – i.e., people between the ages of 18 and 34 – are the largest group of homebuyers in the US.
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Millennials are growing up, settling down and looking to buy a house – for the extra room and the investment opportunity. Millennials were the largest group of home buyers (34 percent) for the fourth.
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That underlines a widening gap on housing affordability within the age group. the biggest catalyst for millennials buying homes. “I’ve heard anecdotally from national builders that they’re seeing.
Millennials are skipping starter houses. Mortgage Masters Group Millennials aren’t buying starter homes – they’re splurging on million-dollar places instead. A September report from the real-estate website and app Zillow found that millennials – i.e., people between the ages of 18 and 34 – are the largest group of homebuyers in the US.
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Thirty percent of millennials – those born between 1980 and 2000 – bought homes for $300,000 and above this year, up from 14 percent in 2013, according to NAR. Of course, home buyers are more likely to splurge as their savings and income rise. But older millennials are even purchasing bigger homes than their predecessors at similar ages.