August 15, 2017 // 2017 Market News Market Trends Millennials Real Estate

Millennials Transforming Market

A recently published infographic from Nationwide Mortgages, here, provides insight into how millennials—the largest generation in history—are transforming the housing market.

 

Some surprising takeaways from the report:

 

  • Millennials, more than any other age group, equate home ownership
    with the American Dream.
  • 33.2 percent of millennials will buy a home within three to five years.
  • 58 percent of millennial homebuyers found their home on a mobile
    device in 2016.
  • Millennials stay in a home for just six years on average. The average
    for all buyers is 10 years.
  • 25 percent of millennial buyers live in a city, nearly 50 percent
    live in a suburb.

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WK Real Estate

WK Real Estate

Founded in 1976, WK Real Estate is passionate about connecting people with the right properties and the best resources. We blend the latest technology with the best customer service to bring a unique, memorable and high quality experience to each client.


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