Many young home buyers have the romantic and creative impulse to purchase a home that needs significant renovations.
That said,
younger home buyers with young children showed the most desire for finding a large yard and the greatest interest in living near a good school district.
With low mortgage rates and easier qualification for college graduates, 2016 is turning out to be a stellar year
for younger home buyers.
Young home buyers remain optimistic and see their home as a good investment, while older buyers are more likely to trade down to a smaller property to match changing lifestyles.
While less well off than other outer Melbourne electorates, Calwell still contains significant numbers of
young home buyers who reacted badly to Labor's handling of the economy in 1990, and to the Liberal Party's campaign on interest rates in 2004.
Younger home buyers tend to view their home as a strong investment, more so than older buyers who tend to view their homes as a match to their lifestyle, according to the 2014 NAR Home Buyer and Seller Generational Trends study, based on a survey of more than 8,700 responses from buyers and sellers.
Condominiums — a common choice for
young home buyers in urban neighborhoods — have a longer Breakeven Horizon because of condo association fees.
Of the many factors holding
back young home buyers — rising prices, tougher lending standards, a still - shaky job market — none looms larger than the recent explosion of college debt.
«We wanted a way to get the word out about our town» and in front
of younger home buyers to encourage them «to not always be looking north, northwest,» Chrissy Maher, the city's public relations coordinator, said.
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.
Here's what 1,000
young home buyers are thinking.
Today's lending environment is becoming increasingly accommodative to
the younger home buyer's ownership goals.
Young home buyers and new immigrants commonly choose Brampton as a place to live due to its developed infrastructure and affordable housing.
Using a gifted down payment If you're
a young home buyer with a generous relative, you may be lucky enough to get your down payment as a gift.
FHA loans are the favorite loan for about 40 percent of today's
younger home buyers.
According to the 2011 National Association of Realtors ® Profile of Home Buyers and Sellers,
younger home buyers — those ages 18 - 34 — represent 31 percent of all recent home purchases.
According to a new survey commissioned by Neoscape, an East Coast branded - content creator for the real estate industry,
younger home buyers are avoiding working with practitioners, choosing instead to get their information from other sources.
Only 28 percent of
the youngest home buyers didn't compromise, with most making all sorts of trade - offs on price, lot size, distance from job and the style of home.
FHA loans are the favorite loan for about 40 percent of today's
younger home buyers.
There are other factors everyone agrees are making it harder for today's
younger home buyers.