The times are changing, and so are the demographics.
Research from the National Association of Realtors (NAR) states that in 2017, more than half of all first-time homebuyers will be a millennial.
The Digital Journal and hundreds of other media and special interest websites have picked up the exclusive MHLivingNews story, “Millennials Will Surge Housing in 2017, Want to Buy Quality Affordable Homes.”
“The millennial generation is now the nation’s largest age group, according to the U.S. Census Bureau,” Arkansas State University said in a marketing report. “These young adults, between the ages of 18-34, are digital natives with enormous social influence and purchasing power. Millennials dominate the workforce and the consumer market.”
The millennial influence shows in the numbers.
“In sharp contrast with 2016, when only 33% of people planning to buy a home were first-time buyers,” said Realtor’s ® writer Cicely Wedgeworth, “52% of buyers with their eye on a home purchase next year will be first-timers. And 61% of those are under age 35.”
“Many desire to move from renting to owning, but often struggle to find that a real possibility in the current site-built market. The manufactured housing industry can offer a solution to that problem,” said Lindsey Bostick of Sunshine Homes, who also happens to be a millennial that has lived in different types of housing.
The full story on MHLivingNews is linked here. ##
(Editor’s Note: Lindsey Bostick and Sunshine Homes will at the show in Louisville this week, offering tips for those who want to connect with the Millennials market in 2017. For more details, click here.)
(Image credits are as shown above.)
Submitted by RC Williams to the Daily Business News for MHProNews.