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Karyn Davidson
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MILLENNIALS ARE BUYING LUXURY HOMES NOT STARTER HOMES

Source from Bloomberg.com – Interesting Shift in Home Buying…

Millennials in the U.S. were so slow to become homeowners that it was beginning to look like they’d rent forever. Now they’re a force in the market for new high-end houses.

Toll Brothers Inc., the largest U.S. luxury-home builder, said Tuesday that 23 percent of its sales this year were to customers with at least one buyer age 35 or younger. That was a surprise, given that the company’s average contract price in the three months through July was $837,300.

Buyers in their 20s and 30s have been slow to purchase for good reason. They’re marrying and having children later and face a tight existing-home market, where sellers routinely get multiple offers. But the delay has given some of them time to save for a down payment.

Click on the link to read more…

https://www.bloomberg.com/news/articles/2017-08-22/forget-starter-houses-u-s-millennials-are-buying-luxury-homes

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About Karyn Davidson

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Karyn Davidson

Realtor, CDPE

karyndavidson2009@gmail.com

772-320-5233772-320-5233 main

Premier Brokers International

725 N. A1A (Suite E-206) Jupiter, Fl 33477

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We had been trying to sell our house for three years and had only had three showings and no offers. There are very few sales in the $750,000 - $800,000 range in our area of North Georgia. Karyn contacted a local agent who helped with the listing and showing... (more)

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