In today’s housing market, who is the latest demographic to emerge as the largest group of homebuyers in the country?
Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty.
If you haven’t guessed, the answer is Millennials, the generation born between 1981 and 1996 otherwise known as Generation Y.
Latest data shows this demographic, despite financial challenges such as mounting student loan debt and high housing costs, are still eager to buy real estate. According to the National Association of Realtors, Millennials accounted for the largest share of homebuyers in the last few years and a recent survey done by Zillow found that 86% of millennial renters plan on purchasing a home within the next five years. As Millenials begin to evolve in their careers and start families, buying real estate deems to be the next big step in their lives to create wealth and stability.
Another factor is everything that happened in 2020. In 2020, the surge in remote work has allowed millennials to expand their search outside of major cities creating an influx in homeownership in suburban areas. Combining all of this with their increase in wages and creative financing options, Generation Y is proving to be the new face of Homeownership.
If you want to purchase or know someone who is, feel free to connect with me so I can help you find your perfect home.
And if you’re someone that needs to sell a home, ask me about my home selling plans where you get to pick which real estate services you want and the fee you pay… Most of the them include my super duper digital marketing that… no one else does in our area. I’m Tanja and I sell homes. I offer simplified and transparent choices!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?