[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2mheu13cn7nt1":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},1146,"the-wave-of-millennial-homebuyers-continues-to-swell","The Wave of Millennial Homebuyers Continues to Swell","Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F07\u002F26132137\u002F20180808-Share-STM1.jpg","Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.\u003C!--more-->\r\n\r\nComparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things.\r\n\r\nFor older millennials (aged 25-34) who have established themselves in their career and are starting to build their families, homeownership is the next logical choice.\r\n\r\nAccording to the \u003Cem>Urban Institute’s \u003Ca href=\"https:\u002F\u002Fwww.urban.org\u002Furban-wire\u002Fstate-millennial-homeownership\">State of Millennial Housing\u003C\u002Fa>,\u003C\u002Fem> the probability of a millennial becoming a homeowner increases by 17.9% if they are married, and by an additional 6.2% if they have children.\r\n\r\nLast year, according to the \u003Cem>US Census Bureau\u003C\u002Fem>, the average age at first marriage was 30 for men and 27 for women, while the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR) \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fresearch-and-statistics\u002Fresearch-reports\u002Fhighlights-from-the-profile-of-home-buyers-and-sellers\">reports\u003C\u002Fa> that the average first-time homebuyer was 32 years old.\r\n\r\nWith most of this generation having yet to age into the \u003Cstrong>‘Responsibility Zone’\u003C\u002Fstrong>\u003Cem> (the time in their lives when their responsibilities start to dictate their behaviors),\u003C\u002Fem> there will be a steady wave of buyers for years to come!\r\n\r\nThose who \u003Cem>are\u003C\u002Fem> currently out in the market searching for a home are being met with a strong, highly competitive seller’s market. NAR’s \u003Cem>Chief Economist\u003C\u002Fem> Lawrence Yun recently \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-subside-06-percent-in-june\">commented\u003C\u002Fa>,\r\n\u003Cblockquote>\u003Cem>“Realtors® throughout the country continue to stress that there’s considerable pent-up demand for buying a home among the millennial households in their market. \u003C\u002Fem>\u003Cem> \u003C\u002Fem>\r\n\r\n\u003Cem>Unfortunately, they’re just not making meaningful ground, and continue to be held back by too few choices in their price range, and thereby missing out on homeownership and wealth gains.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are currently renting and thinking about jumping into the real estate market this year, let’s get together to help you navigate our market.","\r\nIf you are currently renting and thinking about jumping into the real estate market this year, let’s get together to help you navigate our market.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},53,"Rent vs. Buy","rent-vs-buy","2018-08-08T10:00:19Z","2018-10-11T12:07:52Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},1145,"5-reasons-to-hire-a-real-estate-professional-before-entering-the-market","5 Reasons to Hire a Real Estate Professional Before Entering the Market!","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F07\u002F26121007\u002F20180807-Share-STM.jpg","2018-08-07T10:00:10Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},1147,"supply-demand-will-determine-future-home-values","Supply & Demand Will Determine Future Home Values","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F07\u002F26140826\u002F20180809-Share-STM.jpg","2018-08-09T10:00:25Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,81,85,89,93,97,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":25,"name":26,"slug":27},{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]