The Karlin Law Firm LLP

Providing quality legal services to statewide and national clients in ADA defense, Personal Injury, business and real estate for more than 35 years

Email Us
Practice Areas

Young adults impact the real estate industry

As members of the millenial generation come of age, many are beginning to enter the real estate market in California and other states. They have grown up with access to massive amounts of information through digital sources, and real estate decisions can be greatly impacted as these young consumers look at buying and selling their properties. Of course, these resources are also greatly used by older generations, but millenials appear to be driving the market.

Life circumstances of millenials can play a significant role in their decisions about buying or renting residential real estate. Many of these consumers rent for longer periods of time before considering buying. However, their spending on home purchases tends to be comparable with that of baby boomers. Nearly half of millenials buying homes are choosing to live in suburban communities. Although more than half of this group works on saving toward down payment needs, nearly one-third find it necessary to borrow or tap into their retirement funds.

Social networks are important to millenials as they shop for new homes. Sites like Zillow are also frequently used by these individuals for evaluating properties that meet certain criteria. Because of the competitive nature of home shopping in this context, many individuals don't actually purchase the first property for which they make an offer. For those buyers and sellers from older generations who are not as comfortable with digital real estate resources, it can be particularly important to work with professionals who have excellent tech strategies and skills for promoting or finding a residential property.

People who are going through a first home purchase might not understand the legal implications of various documents encountered during the process. As a result, they may want to have an attorney review them in order to make sure that they do not contain any provisions which could be a potential problem in the future.

No Comments

Leave a comment
Comment Information

Contact Us Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

L. Scott Karlin

L. Scott Karlin

Attorney Profile
David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

Attorney Profile
Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

Attorney Profile

Recent Articles

ADA Fraud Reported

A recent article on the news concerns a man in Riverside County who allegedly has attempted to obtain money from property owners and businesses based on alleged violations of the Americans with Disablities Act (ADA). Read More

Tustin Office
13522 Newport Avenue, Suite 201
Tustin, CA 92780

Phone: 714-881-0054
Tustin Law Office Map

Newport Beach Office
2901 West Coast Highway, Suite 200
Newport Beach, CA 92663

Phone: 949-427-9328
Newport Beach Law Office Map

Carlsbad Office
2173 Salk Avenue
Suite 250
Carlsbad, CA 92008

Phone: 760-407-2409
Map & Directions

Riverside Office
6809 Indiana Avenue
Suite 100
Riverside, CA 92506

Phone: 951-643-8769
Map & Directions

Los Angeles Office
1100 S. Hope Street
Suite 103
Los Angeles, CA 90015

Phone: 213-519-5633
Map & Directions

Fresno Office
1444 Fulton Street
Fresno, CA 93721

Phone: 951-373-4384
Map & Directions