Millennials are Buying Homes - First-Time Buyers are Back!

First-Time Buyers are Back!  Millennials are Buying Homes.

Personal Debt, Student Loans and Downpayment - Managing These Three Items Clears the Way for Millennials to Purchase Their First Homes.

Existing Home Sales Increased due to Millennial First-Time Buyers.

Millennials have worked hard to pay down their personal debt, get a handle on student loans, and save for a downpayment for their first home.  Their diligence is paying off for many.

The American Dream of owning their own home is becoming a reality for Millennials.

Now, more and more, Millennials are moving out of their parents' homes, moving out of their rental apartments, and are starting to move into their very first homes.

First-Time Buying Surged.

First-time buying activity surged for the month of May, thereby increasing home sales to the highest level since the real estate correction approximately six years ago.  First-time buyers accounted for 32% of the existing home sales.

This trend is expected to continue, according to many financial and real estate experts.  The goal would be to see a healthy 40% of the market to be first-time buyers.

Many Potential Buyers Have Been Waiting to Buy.

Because many have been holding off buying a home, there is a lot of pent-up buying intentions with this group of potential buyers, as well as non-Millennials.  A significant number of people wanting to buy are starting to make their move.


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Mark Harbaugh, J.D. has been a licensed REALTOR® in California since 1998.  He is a real estate Broker, holds a Bachelors Degree and a Law Degree.

Since 1998, Mark has been providing expert representation to buyers and sellers of homes, condos, multi-unit properties and multi-million dollar estates. 

His clients include friends - old and new - colleagues, professional football and basketball players, original founders of Fortune 500 companies and other high-profile personalities, who value their privacy and anonymity.  Mark has also consulted Nationally and Internationally with many interested in buying and selling real estate.

Mark can be reached at 619-246-2860.
Email: markonthemark@gmail.com