Millennials are skipping starter houses. » Mortgage Masters Group

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And just last week, Credit.com reported on a survey that found young buyers want to skip the starter home and wait for. she wrote in a recent post titled "It’s Not Just Millennials Who Aren’t.

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Millennials are buying houses like crazy right now. In the Millennial house buying guide, I’m sharing four things I learned when buying my home!. Mortgage Masters Group. Mortgage News. What others are saying Thou shalt obey or thou shalt not close!. Rear of Cloud House. The master bedroom.

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In previous generations, that may have been a typical mortgage amount for a first-time homebuyer, but today’s young people are different. Millennials are “skipping starter homes,” Zillow CEO Spencer.

Millennials might soon be known by a new name: Generation HGTV. According to a new survey by HomeAdvisor, this youthful demographic is more active in regard to home remodeling than any other.

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This has added demand in the housing market from an age group that would historically already own homes. What’s more, the continued presence of Gen Xers in the rental market is driving down rental.

Millennials aren’t buying starter homes – they’re splurging on million-dollar places instead. A September report from the real-estate website and app Zillow found that millennials – i.e., people between the ages of 18 and 34 – are the largest group of homebuyers in the US. (The median age of a homebuyer is 36.) Spencer Rascoff, Zillow’s CEO,

More millennials skip starter homes, buy luxury models. Now they’re a force in the market for new high-end houses. Toll Brothers, the largest U.S. luxury-home builder, said Tuesday that 23 percent of its sales this year were to customers with at least one buyer age 35 or younger. That was a surprise, given that the company’s average contract price in the three months through July was $837,300.

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