«
Especially younger home buyers want this room since they see a dining room as a wasted space and want food prep in the same area,» Bohl says.
Not exact matches
Sadly, many
young home buyers can't afford a 20 % down payment,
especially considering that 37 % of millennial renters have not saved a cent for a down payment, according to a recent survey by Apartment List.
This is
especially troublesome, as
younger first time
home buyers are the ones more inclined to think apply on your phone is cool.
Young home -
buyers, who are generally new to the workforce, often get help from their parents,
especially in pricey markets like Toronto and Vancouver.
Homes here are affordable,
especially smaller
homes on smaller lots in Peoria proper, which appeal to
young professionals and first - time
home buyers, says Sally Hanley, of the Peoria - based Economic Development Council for Central Illinois.
Now is the perfect time to work with these
younger buyers,
especially considering that, for the third year in a row, millennials are buying more
homes than the other generations.
«Inadequate single - family
home construction since the Great Recession has had a detrimental impact on the housing market by accelerating price growth and making it very difficult for prospective
buyers to find an affordable
home —
especially young adults,» he said.
While the new first time
home buyer stats may not be the most promising, these findings can help real estate professionals better understand the current housing market and better assist
home buyers —
especially younger buyers who may benefit from more guidance.
If you have any concerns —
especially if your
home will attract
buyers with
young children — bring in a certified lead abatement contractor.
They do this at their own peril because Mom's,
especially young mothers, are some of the pickiest
home buyers that we deal with.
These attributes are helping drive more
home buyers,
especially younger buyers, toward open concept
homes than ever before.
Because the
youngest generation of
home buyers will have an
especially difficult time searching for a new
home, it will be more crucial than ever that real estate professionals know how to address their needs and concerns.