adjective | mil·len·ni·al | \mə-ˈle-nē-əl\
My generally accepted definition of Millennial:
1. A generation of men and women between the ages of 18-34 that value independent thinking, counter-culture, progressive politics, creativity, intelligence, Netflix and a trendy “high-tech, low touch lifestyle.”
According to a recent study released by the National Association of Realtors, the largest group of home buyers in 2014 was this ambiguous group, millennial home buyers composed 32% of all buyers. This highly evaluated/scrutinized group is often referenced in the housing industry, but who are they?
- How long does a millennial plan to stay in their current home?
- Does a millennial prefer a condo, single-family residence or town home?
- Do millennials prefer a newly built home or a resale?
Endeavor America Loan Services, a mortgage company based in Walnut Creek, California, surveyed loan application data collected from more than 5,400 Millennials in 2014 to gain a true picture of this increasingly important home buyer.
The average Millennial is 28 years old with a $76,900 household income.
Click the infographics for the rest of the data: