According to a new survey by Clever Real Estate, Millennials – those born between 1981 and 1996, currently the largest generational group in the United States – are excited about purchasing their first home in 2021.
- 52 percent are stressed about buying a home. 47 percent are worried about unexpected costs; 38 percent about repairs and 29 percent are concerned about meeting mortgage qualifications.
- 80 percent are willing to buy a home sight unseen.
- Only 57 percent have more than $10,000 in savings as many. continue to struggle with student debt.
- The pandemic has increased the desire for more space. Millennials are now looking for homes that have at least 2400 square feet.