When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium!
According to CoreLogic,
“Last year about 43% of all condo home-purchase mortgage applications were submitted by FTHBs… Similarly, the data show condos were more popular with young homebuyers and empty nesters. For instance, 21% of all condo home-purchase mortgage applications were submitted by buyers aged 18 to 30, compared with just 17% of all single-family home-purchase mortgage applications by the same group in 2018.”
With home prices increasing year-over-year, it makes sense millennials are buying condos instead of a single-family house. As a result, the demand for this type of home has been increasing.
As this graph explains,
“The younger millennials are the largest cohort and are likely to drive much of the condo demand in the coming years”.
Bottom Line
If you are a millennial considering buying a home, understand that there are many options available. You may find yourself in a condominium as your first home. If you would like to determine which type of home best fits your needs, let’s get together to evaluate your options!
Content previously posted on Keeping Current Matters
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2JjzhLC
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2XiPDZC
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/3267FlG
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2LukYX4
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2JjgUGx
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2RSbAxD
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2J68ELe
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2RUm8MP
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/3237A21
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2XNfwFn
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2KXZpim
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2XKTcfF
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2XNed9t
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2RSpy2s
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2LBz5Km
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2RWX8Vo
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2RYt9wg
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2Jcl4Bm
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2YDemcY
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2NB1qD6
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2FNAnyf
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2JfQ2IV
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
from Blogger https://ift.tt/2XL3Kvm
via SEO Services
The post Millennials Are Increasing the Demand for Condominiums appeared first on Kelly Right Real Estate.
https://ift.tt/2FL1Noi
