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What Should a #Millennial Look for in a Home Buying Prospect? A BABY BOOMER!

Here's the big reason why, actually: these baby boomers basically need to trade down. The house is too big, the kids have moved out, and they're just not able to keep up with the maintenance. 24% of home sellers are some of the older baby boomers out there, so as a rule, if you're looking to buy a house with a bit more space than normal (as most millennials these days want), chances are a baby boomer's got the goods for you!

And don't take it lightly either. A baby boomer wants to move out of #realestate fast, especially since this is a demographic most likely wanting to move the farthest away at a mark of 75 miles, a much larger distance than the overall median distance of 20. Like baby boomers shooting out of a rocket.

Why the Baby Boomer Generation Is Still Booming in the Real Estate Market

It’s true, believe it or not. We’re guessing the real estate market is still so vibrant as mentioned here that even baby boomers from back in the ’80s and ’90s are still very much active when it comes to home buying. And they…

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Why Are #Millennials so Interested in Buying Homes? Look at the Statistics:

You've got to love #realestate when the stats spell it out for you in real time. The studies are in, and here's how you can tell that either you might be a millennial, or are dealing with a potential buyer who's a millennial —

Expect median income of a millennial home buyer to be around $77,400. That's up from the $76,900 back in 2014. Looking good. Also a millennial apparently will go for a 1,720-square-foot home costing $187,400, which is also up from the $180,900 only a year ago. Prices are going up, their savvy, their desire, and their ambition's going up, too.

And all of this for the one major reason cited by 48% of those millennial buyers (up from 39% a year ago): they just want to own their own homes!

4 Top Characteristics of Today’s Millennial Home Buyer

You might think you’re a millennial home buyer just by your age, but you’d be sorely mistake. Find out right here what REALLY makes a millennial.

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