Gen. Y Moves into Homebuying Scene

Members of Generation Y, a group of people born in the 1980s and 1990s, are becoming more knowledgeable about the realities of home ownership than previous generations. Their savviness is attributed at least in part to the news media’s wide reporting on a variety of real estate topics, including the housing crisis, as noted in a recent report issued by Better Homes and Gardens Real Estate. The report is based on the results of a survey conducted among 18-35 year old Americans.

Accordingly, Gen Y is showing its willingness to do research to find the best home deals, as well as take on a second job to save up enough money to buy a home. Members of this generation who are preparing for home ownership are also moving back in with their parents temporarily to help them save money for their home. This segment of the population believes that owning a home is key to their success.

At Avis Lending, we are focused on helping our customers save money and quickly close their loans, while providing the highest level of service. If you have any questions about purchasing a home, please feel free to call or contact us through the website today.

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