A new research study from the National Association of Realtors has revealed several details on the home buying habits of all ages, including the sacrifices those 36 & younger make when purchasing a home.
That’s right, baby boomers, us Millennials are sacrificing vacation plans and selling our cars to pay for homes. We also haven’t had as many years to save money as you have, so that might have something to do with it.
Almost half of Americans aged 36 and younger who reported having student loan debt had an average of $25k that they still owe.
Americans 36 and younger also make up the biggest percentage of home buyers (34%).
If you want to do some lite reading, here’s all 145 pages of the 2017 Home Buyer And Seller Generational Report:
With median home prices above $750k in the Bay Area & over $1 million in San Jose buying a home in the Bay Area isn’t a fun proposition for any age home buyer.