Millennials

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5 Reasons Millennials Are Buying Homes

April 18, 2023

Demographics, First Time Home Buyers, For Buyers, Millennials

Posted by Robin Taylor Roth

In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph below):This graph …

Think Twice Before Waiting for Lower Home Prices

April 17, 2023

First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers, Pricing

Posted by Robin Taylor Roth

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop …

Could a Multigenerational Home Be the Right Fit for You?

March 7, 2023

Baby Boomers, Demographics, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers

Posted by Robin Taylor Roth

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR):“Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, …

What You Want To Know If You’re Pursuing Your Dream of Homeownership

December 1, 2022

Buying Myths, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Move-Up Buyers

Posted by Robin Taylor Roth

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young adults have demonstrated their resolve to embark on the …

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

November 28, 2022

For Sellers, Housing Market Updates, Millennials

Posted by Robin Taylor Roth

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking …

More People Are Finding the Benefits of Multigenerational Households Today

November 17, 2022

Baby Boomers, Demographics, For Buyers, Gen Z, Generation X, Millennials

Posted by Robin Taylor Roth

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option for your own home search, know it could help you on …

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

November 3, 2022

Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Move-Up Buyers

Posted by Robin Taylor Roth

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market: “. . . younger generations of Americans are not …

Millennials Are Still a Driving Force of Today’s Buyer Demand

October 27, 2022

Demographics, For Sellers, Housing Market Updates, Millennials

Posted by Robin Taylor Roth

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the largest generation, are actually a significant driving force for buyer …

What Is Multigenerational Housing? [INFOGRAPHIC]

April 15, 2022

Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Millennials, Move-Up Buyers, Senior Market

Posted by Robin Taylor Roth

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house …

Millennials: Do You Need a Home with More Space?

February 28, 2022

Demographics, Down Payments, For Buyers, For Sellers, Millennials, Move-Up Buyers

Posted by Robin Taylor Roth

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home. If that’s the case, you’re …

Advice for First-Generation Homebuyers

December 14, 2021

Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials

Posted by Robin Taylor Roth

The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and …

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

October 8, 2021

For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, New Construction

Posted by Robin Taylor Roth

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take …

Is a 20% Down Payment Really Necessary To Purchase a Home?

September 22, 2021

Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials

Posted by Robin Taylor Roth

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment …

More Young People Are Buying Homes

August 19, 2021

Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent vs. Buy

Posted by Robin Taylor Roth

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing slightly behind older generations: “Historically, millennials have delayed the critical lifestyle …

The Truths Young Homebuyers Need To Hear

July 7, 2021

Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Interest Rates, Millennials, Pricing, Rent vs. Buy

Posted by Robin Taylor Roth

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value by $100k or more” “47% don’t know what a good interest rate is” Because …

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

April 9, 2021

Baby Boomers, Demographics, For Buyers, For Sellers, Generation X, Housing Market Updates, Infographics, Millennials, Move-Up Buyers, Senior Market

Posted by Robin Taylor Roth

Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home. With such high demand for houses today, …

Is Homeownership Still Considered Part of the American Dream?

March 31, 2021

Buying Myths, Demographics, First Time Home Buyers, For Buyers, Millennials

Posted by Robin Taylor Roth

Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many respects a collection of feudal societies. Old rich families, or the church, owned all …

Millennials: Is It Time to Buy a Bigger Home?

February 16, 2021

Demographics, For Buyers, For Sellers, Millennials, Move-Up Buyers

Posted by Robin Taylor Roth

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending much more time at home these days, you may have a growing need for …

Today’s Buyers Are Serious about Purchasing a Home

August 4, 2020

For Sellers, Interest Rates, Millennials, Move-Up Buyers

Posted by Robin Taylor Roth

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home. That …

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Millennials | Central New Jersey Real Estate