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We have been helping our customers buy, sell, rent and own property in Naples for over 12 years. We have all the usual credentials but our customers tell us that what really makes us unique is our knowledge of the Naples market and exceptional customer service.

Christine Dike has been providing incomparable Real Estate Services, Rental Services, and Property Management Services in Naples, Golden Gate Estates, Bonita Springs and Estero, Florida, for over 10 years.  Broker-Owner of ToastyinNaples.com Realty she will take care of you every step of the way on your real estate journey whether you are buying, selling, renting a home or condo for the week, month or year, or investing in rental property.

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Think All Millennials Live in Their Parent’s Basement? Think Again!

May 29, 2017

The Millennials are entering the housing market with gusto according to a recent survey by the National Association of Realtors.  Now their student loans are paid off and they are ready to move on with their lives.  Homes and children are the next two major stepping stones important in their lives and they are certainly attacking the home plan!  They are definitely “launching” now!

Courtesy Keeping Current Matters 2016

Think All Millennials Live in Their Parent's Basement? Think Again! | MyKCM

According to the Census Bureau, millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials, or America’s youth born between 1982-2000, now represent more than one quarter of the nation’s population, totaling 83.1 million.

There has been a lot of talk about how, as a generation, millennials have ‘failed to launch’ into adulthood and have delayed moving out of their family’s home. Some experts have even questioned whether or not millennials want to move out.

The great news is that not only do millennials want to move out… they are moving out! The National Association of Realtors (NAR) recently released their 2016 Profile of Home Buyers and Sellers in which they revealed that 61% of all first-time homebuyers were millennials in 2015!  

The median age of all first-time buyers in 2015 was 31 years old. 

Here is chart showing the breakdown by age:

Think All Millennials Live in Their Parent's Basement? Think Again! | MyKCM

Many social factors have contributed to millennials waiting to buy their first home. The latest Census results show that the median age of Americans at the time of their first marriage has increased significantly over the last 60 years, from 23 for men & 20 for women in 1955, to 29 & 27, respectively, in 2015.

Those who went to college and took out student loans are finally paying them off, as the terms on traditional student loans are 10 years. This means that a large portion of the generation is making its last loan payments and is working toward saving for a first home.

As a whole, the first-time homebuyer share increased to 35% of all buyers, up from 32% in 2014. Not all millennials are first-time buyers, they also made up 12% of all repeat buyers!

Bottom Line

Millennials will continue to drive the housing market next year, as well as in the years to come. As more and more realize that owning a home is within their grasp, they will flock to own their piece of the American Dream. Are you ready to buy your first or even second home?

Remember it is always toasty in Naples and you deserve your piece of Naples sunshine and a home of your own no matter what generation you belong to!