Barriers to Ownership for Younger Buyers
Many real estate agents and home builders have noticed a major trend in recent years: the average age of their clients has increased. Young buyers simply haven’t been buying homes like they used to, especially Millennial buyers. Many people think of Millennials as young 20-somethings, but that’s not the case any longer. The “Millennial” period runs from the early 80s to the late 90s, and many of the younger Millennials are in their mid-30s now. They’re at the age where they have completed their education and settled into their careers. Many are married with children.