Millennials Optimistic Ready To Buy

Dated: 04/05/2017

Views: 154

Millennials: Optimistic & Ready to Buy

A recent survey by the PulteGroup revealed that the Millennial generation has a more optimistic outlook regarding the American economy than other generations. According to the survey, 54% of Millennials believe the economy is in better shape today than it was last year compared to only 41% of the total population.

It seems this optimism is impacting purchasing decisions as 74% of Millennials view now as an excellent or good time to buy the things they want or need. Jim Zeumer, vice president of corporate communications for the PulteGroup explained:

"No other cohort of adults is nearly as confident about their economic future as the millennials are right now. This is definitely a change, as millennials have regularly been viewed as the disenfranchised generation vastly affected by the fallout of the recession.  But now, with an increased sense of optimism, this generation is starting to feel as though they have the resources available to lead the lives they want or expect to in the future."

WHAT ABOUT HOUSING?

Specific to real estate, the survey indicated:

  • 85% of Millennials plan to purchase a home in the future

  • 49% plan to purchase a home in the next two years

  • Of those planning to purchase in the near-term, 56 percent are current homeowners and 41 percent are renters

  • 65% prefer spending more money on a home that is move-in ready compared to doing renovations

  • 58% increased their interest in purchasing a home in the past year as the positive attributes of homeownership resonate with this generation.

Blog author image

Jeri Patrick

In today’s complex and difficult real estate market you need a professionals who will do whatever it takes to market and sell your home. Jeri Patrick has a team with an established history of succes....

Want to Advertise on this Site?

Latest Blog Posts

Oct 17 2018 5018 1

5 Tips for Starting Your Home SearchIn today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time

Read More

Oct 16 2018 5018 1

Baby Boomers are Downsizing, Are You Ready to Move?For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be

Read More

3 DogFriendly Landscaping Tips

If you have a dog, embarking on a landscaping journey can mean asking yourself, “what plants will the dog be chewing?” or “what hardscaping material will be best?” While there is a yard full

Read More

Oct 15 2018 5018 1

Pre-Approval: Your 1st Step in Buying a HomeIn many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led

Read More