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

866-500-8932
Email Us
Practice Areas

More young adults buying homes

A growing number of young people in California are deciding to buy a home. For the past five years, millennials have represented the largest percentage of people opting to purchase homes. In 2018, 36% of real estate purchases were made by millennials. Various studies have noted that young adults are entering the property market later than their parents with many choosing to rent or live with their parents. Housing affordability and economic concerns have been a major factor for many young people, especially those living in or near major cities. Many have noted that purchasing real estate may be less of a priority than it was for earlier generations.

However, the enthusiasm that millennials have expressed for entering the real estate market may indicate that the issue is far more simply one of basic affordability. Student loans and credit card debt are difficult for many people to surmount. Even people without much debt may have difficulty saving up for a large down payment. Home prices have continued to rise, especially in popular markets, while wages are generally stagnant. As millennials become more established in their careers and begin to command higher incomes, they are more likely to begin to purchase real estate.

Millennial buyers tend to look for different things when deciding to buy a home. Many people make use of technology to find a real estate agent or to assess the market in a particular area. Mobile apps are promoting virtual house tours that allow potential buyers to identify properties that may be particularly interesting.

Buying a home is a major investment in the future. When people of any generation decide to purchase a property, the process can be complex yet rewarding. A real estate attorney may work with people buying or selling residential real estate to negotiate a successful transaction.

No Comments

Leave a comment
Comment Information

Contact Us Today

Bold labels are required.

Contact Information
disclaimer.

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.

close

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