According to a recent study, millennials (born between 1982-2004) aren’t necessarily saving up for a starter home like some of their predecessors, instead they’re purchasing luxury homes in small suburbs and big cities.
Here in Tampa Bay, it’s no different. Many of my clients under the age of 35 have bought their first home, and depending on their circumstances, were able to invest in homes that their parents only dreamed of as a first home. Some married or started families a little later in life or were finally ready to stop renting after years of working and saving money toward a down payment. Other clients have spent years interning or expanding their education to earn well-paying jobs that allow them to invest in higher-priced homes.
No matter how the media may want to portray millennials, they’re smart, savvy, and a generation that is already changing our society in ways we never would’ve imagined 10 years ago. Neighborhoods are seeing a wide range of younger families moving in and even builders are catering more to younger customers’ needs.
If you’ve been thinking about buying your first home, I’d love to be part of your journey. Please contact me today and let’s talk about your goals and make them happen!