Austin Millennials Topping Sales While Lacking Housing

Dated: March 23 2018

Views: 215

Image title



Millennials topped home purchases for the fifth year in a row according to an article by the National Association of Realtors: “Millennials Lead All Homebuyers, Even as Some Can’t Escape Their Parents.” They accounted for 36% of home purchases. Despite the fact they are the largest portion of home purchasers, Millennials are actually underperforming. “Inventory constraints and higher housing costs” are the cause.  Data shows that the “typical Millennial” had more income than in 2017 but tended to purchase the same size home, as they would have in 2017, at a significantly higher price. Student debt was also higher than the year before. This housing issue is reflected in buyers trends. There are growing numbers of Boomers and Generation X buyers purchasing multigenerational homes to house their adult children. Numbers housing their parents has also grown.


Housing is increasingly expensive, and even though Millennials account for a large portion of home purchases they are in fact not performing as well as they should be.


If you know someone who is having a tough time finding the right home, contact me. Let’s explore your options.



Keeping you informed,



Donna L Bovee

Team Price Real Estate

Price Commercial Real Estate

(512) 497-3643

DonnaBovee@TeamPrice.com

Latest Blog Posts

Could Rising Home Prices Impact Your Net Worth

Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.Among its many impacts, COVID-19 has had a pronounced effect on the housing.

Read More

Finding A New Home For Your Next Stage Of Life

Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly

Read More

Goodnight Bread Co In South Austin

I absolutely love to patronize small businesses.A few months ago my neighbors, Jennifer and Ryan, started a small business selling sourdough bread. I tried it and was sold!This bread is delicious!

Read More

Can I Buy Or Sell A Home Without A Real Estate Agent

Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for

Read More