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