A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. A recent cnbc article revealed that there are many factors that delayed older millennials (ages.
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· Millennials Look to the Suburbs, Not Cities, for First Homes. The only problem is that no one is building a product that they want
· The oldest Millennials are now 37, so many are starting to move to Peachtree City. Millennials are becoming more similar to previous generations than they thought. Now that Millennials are starting families, life in the City isn’t as attractive or as tenable.
Florida, Tampa Bay rank high in risk of mortgage fraud Florida ranks as the most dangerous state for senior. – · Why did Florida rank so poorly? Florida had the second highest rate of fraud in the country, with 933 frauds per 100,000 people. The risk may be even higher for seniors in Tampa Bay.
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,
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· ”Starter homes are often within the perfect price range for millennials, allowing them to get out of their parents’ home and into a place of their own,” says Doug Keller with Eddy Homes in Pittsburgh. Less Commitment. A starter home lets you “try out” homeownership, in a sense.