If you are like many Americans, you probably have a lot on your plate. You might work, keep up on fitness goals, shuttle children all around town, be responsible for grocery shopping and all the
Millennials Will Do Whatever It Takes To Own A Home
Dated: March 20 2020
Views: 923
Millennials are facing major stress trying to come up with ways to balance a down payment,
student loans, and impending mortgages, but they are finding solutions:
(Image provided by Realtor Magazine Online)
The major concerns for these first time home buyers is how they can get the down payment afforded, 50% saying it was their number one obstacle in buying a home followed by affording a home in their preferred location (45%) and the rising home prices (42%).
To save for this down payment, millennials are looking for funds, and fast, through taking early distributions of their retirement fund (13%), cash gifts from family members (24%), and inheritance (12%).
What is even crazier is that about 10% of millennials were recorded to selling crypto-currency in order to afford a home.
Through these amazing sacrifices, millennials are buying homes in the marketplace. Buying a home is an investment, but also a chance for a better future. Good luck to these millennials in their adventure towards home ownership!
Julie Baldino
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....
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Millennials are facing major stress trying to come up with ways to balance a down payment,student loans, and impending mortgages, but they are finding solutions: (Image provided by
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