Survey shows Millennials optimistic on the value of home ownership.

The CALIFORNIA ASSOCIATION OF REALTORS® examined one of the largest segment of our population, the Millennials – they are now in their early 30’s and entering their prime wage earning years.

  • Contrary to common belief, detached single-family homes and big lots of land are the preferences of prospective buyers.
  • They are optimistic about future home prices, with 59% expecting prices will be higher in a year and 63% think prices will go up in 5 years.
  • The majority of millennial home buyers obtained financing. The average down payment for those who obtained financing was 26%.
  • More than half found it easy to acquire financing, with an average difficulty rating of 4.4 on a 10 point scale (10 = extremely difficult). Read More.

Contact Regina Singh for more information at Regina@ReginaSingh.com

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