A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home [.]
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Millennials are skipping starter houses. Mortgage masters group millennials aren’t buying starter homes – they’re splurging on million-dollar places instead. A September report from the real-estate website and app Zillow found that millennials – i.e., people between the ages of 18 and 34 – are the largest group of homebuyers in the US.
Millennials are skipping starter houses. Mortgage Masters Group "When you rent, the money goes from your pocket into the air; when you’re paying a mortgage. and a broker with American Homes Group. "We have seen a steady uptick over the past two years.
Now that they’re snapping up houses in greater numbers, many older millennials are making up for lost time: They’re bypassing the traditional gateway to home ownership – the starter. about 24.
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Building this foundation helps some millennials to skip the starter home and jump straight to. same preference for real estate as any other age group up to 70. However, with interest rates and.