We are now seeing a changing trend in the Real Estate Market. Rising rental prices are encouraging the millennial’s generation to experience a nudge toward homeownership, and reports showed that First-time buyers are now at the front line of buying a home. The Zillow Housing Confidence Index also said that about 5.2 million renters are expected to purchase a house this year, up from 4.2 million a year ago. Where job growth is strong, the millennial who were once renting are ready and willing to buy.
The United States has about 75 million millennials — people born from 1980 and 1995 — and expected this year to surpass the baby boom generation according to a report released by the Pew Research Center. Buying a home can be terrifying, and even though this is a big step, many of us have taken it and enjoyed the comfort and security that homeownership has provided for our loved ones and ourselves.