TAMPA–More than half of Millennials have either bought or refinanced a home in the past two years, or plan to purchase or refinance a home in the next two years, according to a new report.
The AAA Consumer Pulse survey shows that Millennials site renting fatigue (45%), seeking a better neighborhood (37%), and wanting to start a family (25%) as the top reasons for house hunting.
The majority of Millennial buyers in Florida (71%) seek financing when purchasing a home, but many first-time home buyers are unsure where to start when it comes to a home mortgage, the report noted.
Other survey findings:
- 61% of Florida Millennial home buyers spend or anticipate spending between $100,000-$299,999 on a house
- Nearly one in four (24%) Millennials in Florida have not checked their credit score in the past six months
- Low interest rates (54%), low monthly payments (43%), and downpayments (35%) are the top three factors cited by Florida Millennials
TAMPA–More than half of Millennials have either bought or refinanced a home in the past two years, or plan to purchase or refinance a home in the next two years, according to a new report.
The AAA Consumer Pulse survey shows that Millennials site renting fatigue (45%), seeking a better neighborhood (37%), and wanting to start a family (25%) as the top reasons for house hunting.
The majority of Millennial buyers in Florida (71%) seek financing when purchasing a home, but many first-time home buyers are unsure where to start when it comes to a home mortgage, the report noted.
Other survey findings:
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Low interest rates (54%), low monthly payments (43%), and downpayments (35%) are the top three factors cited by Florida Millennials