Millennial Buyers
The generation that has seen more financial crises and market fluctuations than any other is finally getting its day at the closing table. According to the National Association of Realtors’ 2024 Home Buyers and Sellers Generational Trends report, Millennials finally surpassed Baby Boomers as the largest group of home buyers. Millennials now comprise 38 percent…
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Forget keeping up with the Joneses; kids these days just want to blow the Joneses out of the water. Many consumers have spent too much on a luxury handbag, or signed on for a car payment that might require a regular phone call to Mom and Dad. But the price tag of appearing successful, wealthy,…
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In Texas, the average debt is $26,292 and 56 percent of residents hold student loan debt. But one company found a way to make it go away faster. In 1995, about a quarter of adults aged 20-29 had student loan debt. In 2016, it had increased to 47 percent. The percentage who had less than…
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NAR’s recent generational survey uncovered some really interesting trends. For starters, more and more Millennials are eschewing urban life and heading for the burbs, where they can afford to buy a house. Though Millennials contributed the largest share of home buyers in 2017 at 36 percent, a shortage of single-family construction has kept aspiring homebuyers…
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With Dallas’ booming job market, more and more Millennials are moving to the area, and they have a very specific list of wants. According to this article by Inman, Millennials are turning the market on its head with a very picky list of asks, preferring to rent until they find that Goldilocks home that is just…
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