Understanding Millennial Homebuyers
Millennials, adults ranging from 18-34 years old, have officially become the largest generation in America - and they now account for the largest sector of homebuyers. According to a recent publication by the Pew Research Cente r, there are approximately 74.9 million Baby Boomers and 75.4 million Millennials. After holding back for what seemed like years, Millennials are finally taking the real estate market by storm. If you are preparing to sell your home at the Lake of the Ozarks , it is important that you include these younger buyers in your target market. Keep reading to find some important information about Millennials and how they impact the current housing market. Statistics On Millennial Homebuyers In order to know how to market your home to this young generation, it is important that you understand how they relate to the current market and how they are changing the real estate industry. Here are a few statistics to help you get a brief snapshot of Millennial homebu...