Millennials (now the largest population group in the US) are currently between the ages of 26 and 41 – historically, the age at which many have made the ceremonial transition to “adulthood” via homeownership.
However, between the pandemic, inflation, and the wildest housing market in years, this generation hasn’t seen the most ideal conditions for purchasing their first home.
And so, we meet the Unmortgaged Millennials — or members of this generation who have never owned a home.
Opendoor asked in their new report, “What would the unmortgaged millennial do to own a home right now… and what’s holding them back?”
Millennial homeownership by the numbers
47% of unmortgaged millennials say they would delay vacations for five years if it meant they could buy a home, and 41% would even delay a wedding for five years. 🏡
44% would say goodbye to their morning coffee runs if it meant they could buy a home —and 35% would miss out on their favorite shows and eliminate all TV.
And you can forget Hinge + Tinder — of those surveyed, two-thirds use real estate apps and a majority browse homes online. Unmortgaged millennials are home-search obsessed, and would rather swipe through interiors of homes than swipe right (or left…) on romantic prospects. 🤳
Knowing how motivated homebuyers are, we dug into Opendoor’s Austin listings to round up 3 different homes that $431K can buy you in ATX.
3 BD, 2 BA | $411,000 | Built in 2017, this Austin one-story home offers quartz countertops and a two-car garage.
3 BD, 2 BA | $379,000 |Sitting in a sought-after ATX location, this home boasts a tile kitchen backsplash, ample cabinets, a center island + breakfast bar, along with a private area in the backyard.
3 BD, 2.5 BA | $431,000 |The impeccable kitchen features beautiful granite counters + stainless steel appliances, along with a fenced-in backyard with lush grass.
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