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Millennials Leading The Way

Mar 01, 2016 02:08PM ● By Cristina Candelori

Ken Marson and Cristina Candelori

Last year real estate experts slated 2015 as the year of the millennial homebuyer, but that never quite came to fruition. It was an early prediction that apparently needed time to ripen. This year it is safer to say that both millennials and Gen-Xers will be the force leading real estate trends.

First, for us newbies, what is a millennial? A millennial is someone born between 1980 and 2000. At the upper end of that range is someone in their early thirties. A Gen-Xer is between the ages of 35-54. As we’ve all heard, the economy has come back strong not only in California but across the nation. Job growth has primarily benefitted the millennial age bracket. They are not only employed and in demand but, more importantly, they are building qualifications for home loans.

Why is this important to you? If you’re a homeowner selling, it’s important to know whom your buyer is and what somebody is looking for in a home as well as a community. According to the National Association of Realtors, millennials made up 32% of the market in 2015, making it the largest percentage of homebuyers.

Pleasant Hill is prime real estate for millennials. We have found there are two types of millennial homebuyers. Some millennials and Gen-Xers are foregoing marriage and family and opting to invest in real estate first. Many are not looking for their “forever” home but rather a short-term home they can work on, update, and use as a stepping-stone to their next investment. A larger portion of millennials in our area are looking for homes in suburban areas to lay down roots where they will eventually start families and benefit from everything a place like Pleasant Hill has to offer, yet still be close to more metropolitan areas for work. Favorite attributes of Pleasant Hill would be: walkability compared to other surrounding areas; parks and recreation; character of the homes; above average lot size; and, of course, the high ranking school system. Millennials are going to prefer open floor plans, neutral colors, and a place for a home office. This is where an experienced real estate agent can help homeowners with staging and suggestions they know will appeal to more buyers.

For millennials looking to buy their first home, it’s important to find a real estate agent with knowledge of the area who can also help set realistic expectations. No house is perfect, and helping homebuyers see through the wood paneling to the home of their dreams can take a guiding hand. From baby boomers to millennials, we care about you at every age. We are Marson and Candelori, and we want you to love where you live.

Marson and Candelori

Ken Marson and Cristina Candelori

Love Where You Live

(925) 366-8269

[email protected]