“‘Old Millennials’ (ages 25-36) are dominating the first-time homebuyer category.”
- 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, keeping buyer activity strong.
- More and more “old millennials” (ages 25-36) are realizing that homeownership is now within their grasp, and they’re actively dominating the first-time homebuyer market!
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The only major industry to display immunity to the economic impacts of the coronavirus is the housing market.
Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.
To sell your home quickly and for the best possible price, you should price your home competitively right from the start.
Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year.
The housing market continued to exceed expectations in August, as housing demand for new homes stayed strong.
Thanks to today’s lower interest rates, even with the price increase, you would still save $61 in your monthly mortgage payments.