Half of these Millennials are employed. Of those working approximately 33% have a full time job, 19% have a part time jobs, 24% are students, and 20% are unemployed.
These Generation Y’s are known for delaying marriage and children. The majority of them are not married and nearly half do not have any children. One thing is certain, they are educated. Approximately 46% of 27 to 34 year olds have college degrees. Among the younger group, 42% of 18-26 year olds are currently enrolled in college.
When asked what type of home they would like to buy, 2 out of 3 responded that they would like to purchase a single family home. They value space and would like a good size lot. Only 12 percent wanted to purchase a town home or condo.
Millennials will be buying homes in the near future. These highly educated individuals grew up with the internet and information at their fingertips. They know what they want and go after it.
If you are a millennial and are thinking about buying a home, please give us a call today at (408) 460-8401.