What a millennial needs to become a first-time homebuyer

  • More first-time buyers are motivated by emotional factors than financial factors.
  • 75 percent of homebuyers are looking for a home that they can grow into in the next few years.
  • Go where millennials are and provide value and nurturing.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

I'm a 32-year-old future first-time homebuyer. I'm finally ready to put down roots and buy a house in my hometown just outside of St. Louis with my boyfriend -- but not for another year as to get our financial house in order. I'm moving back to Missouri from North Carolina where I had an internship as I completed my master's degree. So that makes me an unmarried millennial renter with student loan debt and very little savings -- who wants to be a homeowner in the next year or so. I'm uber trendy, according to the Bank of America Homebuyer Insights Report for 2016, which came out in April. Let me show you exactly how trendy my situation is and what future homebuyers like me are looking for. Hopefully, it will help you work with clients, who might not be quick to buy and need your help to become homeowners. The American dream is alive and well "Our 2016 research validates what we’ve been hearing from our clients: homeownership is still an important goal, and individuals see...