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The Real Estate Agents at SAGE Realty Explore the Rise in Millennial Home Buyers

With renting becoming more expensive, our real estate agents at SAGE Realty are noticing that Millennials are becoming a big part of the real estate market – last year, they comprised the biggest chunk of homebuyers across the county. Comprising 32% of the market, this group has lead the pack for two years in a row. Growing numbers of real estate agents are beginning to recognize the importance of this segment of the population for the future of the real estate industry and are starting to make an effort to understand the differences between Millennials, Generation X and the Baby Boomers.

Baby Boomers

Due to the recent trend, Millennials are eventually going to make up a larger portion of the real estate market than baby boomers. However, because they think and act differently than other generations, real estate agents will have to make an effort to adapt to these changes.

Millennial Statistics

  • Median Income: $76,900
  • Median Down Payment: 7%
  • Number Who Used Financing: 97%

A Different Breed

Millennials typically select their real estate agents with their research already done – with a variety of online tools and search options, the younger generation is well equipped to do their own work and have their wants, needs and budget together by the time they meet with a real estate agent. This provides agents plenty of opportunity to reach millennials using modern methods, such as smartphone apps, before they make their purchasing decision. Real estate agents who utilize these methods will have a leg-up on the rest due to their ability to tap into the habits of this rising generation.

Rise in Rent

One of the reasons that millennials are making the move to buy is due to rising rent prices. With the dramatic increases that have taken place recently, this generation is realizing that buying a home makes for a better investment. Many incentives have been put out to entice younger first-time buyers to make the jump, including the 3-percent down payment program introduced by the Federal Housing Finance Agency.
With the rise in rent prices and many policies being introduced to encourage millennials to buy, teh Sage Realty agents know that tapping into this market is extremely important to sustain the future of the real estate market and are well prepared to assist. For more information, give us a call at 610-687-4000 and we will make it happen for you.

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Featured Listing

True Walk-to-Wayne

425 N. Bellevue Ave
Wayne, PA 19087

$775,000
MLS# PADE399110
4-5 bedrooms
3.5 Bathrooms

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

Sage Buyer Tips

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.