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Sage Realty, LLC Real Estate Agents Explore Trends of the Millennial Generation in the Home-Buying Marketplace

According to the American Housing Survey, the average age of the first-time home buyer was 32 years old. While this number might seem high compared to previous decades, it is difficult to deduce why this is the case.

Unlike the Baby Boomers or Generation X, Millennials have a completely different outlook on the world and do not place the same value on owning a home as their parents and grandparents possibly once did.

There are two common types of Millennials:

  1. The Millennial Saver

Millennial Savers prefer to stay at home after they graduate. With little money, and few vocational prospects, the Millennial Saver will sometimes use assistance from family money, while saving their own, before they can afford to move out.

  1. The Independent Millennial

The Independent Millennial, on the other hand, will move out the first chance that they are able. While some Independent Millennials still receive a source of income from their parents, others become burdened by a financial hole by rent and other debt.

While both of these groups of Millennials choose different ways of life, neither can really afford to purchase a home until they reach their 30s in today’s economy. Statistics also found that the median price of these “first-time” homes was $168,000 – a fairly low number compared to previous decades.

Somewhat uninterested with the prospect of a house, Millennials save money by living at home and traveling by bike or public transport. To find out more about recent trends to the real estate industry and who is currently purchasing homes for sale, visit the Sage Realty LLC website today at https://www.findahomeinpa.com/.

Sage Realty LLC 

37 West Avenue

Suite 103

Wayne, PA

19087

Phone: 610-687-4000

 

 

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I moved to PA from Washington State and learned that realty is local. There were things that I thought I knew about buying a house previously but boy was I wrong. Linda was very patient with me but also did not hold back when she saw potential problems, and always made sure I had all the information I needed before making a decision and didn’t belittle concerns to just get a sale. Above all else, and this was the most important thing to me, Linda has a high ethical standard, is very transparent in her approach and is someone I trusted making one of the biggest decisions of my life. – A. Lindsay (Courtesy of Google)

 

Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

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Use Sage Buyer Tips to research the Main Line and stay up to date on real estate news. This online destination is chock full of resources for buyers and sellers: you can see our Main Line communities or explore Sage favorite places. Browse properties here and search other Main Line real estate. With Sage’s advice and experience, first-time buyers and those looking to upgrade can find homes best suited to their needs.