The image of the internet-obsessed, frivolously spending millennial has pervaded the real estate market amid claims that their avocado toast, fancy latte preferences and student loan debt make home purchases an unattainable luxury.
According to reliable research, as well as the experience and expertise of local real estate agents, millennials are, in fact, purchasing homes, regardless of their choice of breakfast food. Forget unmotivated and foolish; instead, millennial homebuyers have proven to be research-driven, analytical and technologically savvy. According to the 2017 National Association of Realtors Home Buyer and Seller Generational Trends study, millennials, those aged 36 and younger, accounted for the largest portion of homebuyers in 2016 at 34 percent. Furthermore, according to Zillow, millennials make up 56 percent of first-time homebuyers.