Buying a Home Young

Dean-Hayes

Content provided by Dean Hayes, Bay Equity Home Loans

In its February installment of the National Housing Survey, Fannie Mae saw surging Millennial confidence in the housing market, even with mortgage rates seemingly poised to rise, and home prices at near-record levels.

Along with more job security and increasing income, Millennial home buyers are increasingly married with children – all three legs of the home demand stool.

Nearly half (49 percent) of Millennial buyers reported at least one child – up from 45 percent last year and 43 percent two years ago.

As with every aspect of the marketplace, young buyers with children are the key to shaping the future of real estate.

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