Are you a prospective real estate investor who isn’t all too confident about how everything works?
If so, then I’m here to assure you that profiting from the market is far less complicated than you may think… especially in today’s day and age.
Millennials, the largest home-buying generation since the baby boomers, are growing up and now acting as a driving force for the real estate industry.
Here’s why and how it’s created ideal circumstances for making the most out of your real estate investments.
It seems as if the time to buy and sell real estate has arrived.
The U.S. homeownership rate has finally taken a turn for the better and is now sharply climbing upwards after close to 15-years of a steady downtrend.
This drop is an obvious attributable factor of the 2008 financial crisis, which caused the percentage of American households that owned their dwellings to fall from 69.2% to a low of 62.9%.
These rates effectively hit rock-bottom as numbers fell to a value that hadn’t been seen since 1965; however, just two years ago, these rates began to change trajectory and turn upwards once again.
Now, homeownership is at a steady increase and doesn’t appear to letting off the gas anytime soon.
There are a lot of explanations for this sharp rise, but one of the most convincing is the act of millennials migrating towards the housing market.
Although this group effectively makes up the lowest percentile of householders, studies show that this rate was by far the largest increase of any age group during the previous year.
Even more so, this is only the beginning stages of this generation’s transition to buying homes and this pool of young adults is just going to grow as time goes on.
As a potential real estate investor, this is where YOU come in…
Because more and more of the millennial demographic are working, forming households and having children, they’re also buying homes.
So, what’s keeping you from selling to them?
This presents you with a perfect opportunity to take advantage of this added traffic within the real estate market and EASILY profit from your investments.
If you’re even remotely considering trying your luck at real estate then I encourage you to do so sooner than later.
Yes, millennials are driving the housing market upwards and are expected to continue to perform similarly in the future to come.
But, like many things, it’s always better to get your foot in the door early, before someone else beats you to the punch.