After a Year of Sheltering-in-Place, Millennials Want Larger Homes
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Remote work and school are the new normal, millennials feel cramped in their current homes. Approximately one-half cite their need for more space as their biggest motivation for homeownership, up from less than one-third in 2020.
Today, millennials are looking for homes around 2,400 square feet. Though smaller than the ideal boomer home (which is currently around 2,550 square feet), it’s a substantial leap from the approximately 1,700 square feet millennials wanted when we surveyed them before the pandemic broke out last year.
Question: How to get a first time home buyers loan
Answer: Lease to Own
One Tip You May Consider:
First Time Home Buyer Tip 1 – Save Exclusively
Create special savings account exclusively for your home purchase and have part of every paycheck automatically transferred to that account. Start with as little as $100 if you can afford it so you get used to living on less and then gradually increase the amount.
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