Posts from December 11th, 2016
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What Types of Homes Are Millennials Buying?
Many real-estate experts projected Millennials would rent instead of buying homes. Recent trends show the exact opposite.
Millennials and first time home buyers are purchasing the majority of homes in the Tampa Bay area.
What are they looking for in a home? Millennials are focusing on space. Most likely they are coming from renting apartments with less than 1500 square feet. We are seeing more purchases for homes in the 2500 square feet range.
Many millennials are purchasing properties with mother-in-law suites. They are renting this space or using it as a work from home office for additional income.
Contrary to earlier reports, millennials are starting to move away from the city. They are seeing the ability to get more living space and have less cost.
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