Millennials have consistently been the butt of jokes in the last decade. Many older generations criticize millennials for not preparing for their future or being lazier than previous generations. But these stereotypes are largely inaccurate. In fact, 63 percent of millennials are saving their money, according to Bank of America’s Better Money Habits millennial Report.…
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Buyer Beware: 3 Tips For First-Time Buyers
Buying your first home in the San Diego market can be difficult, especially for a young family just getting started. Before you decide to go house hunting, read up on these tips shared by third generation realtor and local San Diegan, Teevan McManus of Lyons Realty. Pick the right lender and get pre-approved. Getting a…
Millennials Continue to Shake Housing Market
Millennials Leading the Way Millennials are increasingly entering the housing market as first-time buyers and are expected to lead the growth in new home buyers too, the National Association of Home Builders reports from its analysis of Census data. The overall homeownership rate of millennials is at 36 percent, which is the largest gains among all…
What is motivating millennials to purchase their first home?
As it turns out, millennials do want to own a home, and it’s just for a different reason than we think. A recent survey conducted by Harris Poll found that 33 percent of millennials say their dog motivated the purchase of their first home. They want to create a better life for their furry friend…