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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be. | Simplifying The Market

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market:

“. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property.”

Instead of buying a home and moving into it themselves, some young buyers are purchasing a home so they can use it as a rental. This tactic may be gaining popularity, at least in part, because of the affordability challenges brought about by today’s higher mortgage rates. The report above mentions how many people in this group are considering this approach. It says:

“Almost half of Millennials and Gen Z (43%) are considering buying an investment property compared to only 9% of Baby Boomers and 27% of Gen X.”

Why Younger Buyers Are Buying a Home To Use as a Rental

This strategy allows buyers to continue living in their current location, like the bustle of a city apartment or a neighborhood that they know and love, where they couldn’t afford to buy. But instead of giving up on the idea of owning a home, they buy a home in a more affordable area with the intention of renting it out.

In a way, they’re getting the best of both worlds. They live where they want, and they still own a home where they can afford it.

Their goal is to generate passive income and diversify their assets. It works like this: in addition to having a rental stream of income, the equity they build in their house will also help grow their net worth over time.

Bottom Line

If you’re thinking about buying a home as an investment strategy to build your wealth, let’s connect to explore your options and nearby areas that may have homes that fit what you’re looking for.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
728 Sea Duck Drive Daytona Beach FL 32119
Open House Fri, Jul 25, 12 PM
1 / 38
$559,000
4
BEDS
3
TOTAL BATHS
2,634
SQFT
728 Sea Duck Drive Daytona Beach, FL 32119
Single Family Residence For Sale
- Active

Wake up to peace and privacy in this elegant 4-bedroom, 3-bath retreat, tucked on over half an acre in the guard-gated golf community of Pelican Bay. Step inside to 12-foot ceilings and warm LVP floors that flow through open living spaces designed fo

Listing courtesy of Joy Pratt-Martin PA of LPT Realty, LLC
616 Mosaic Boulevard Daytona Beach FL 32124
Open House Sat, Jul 26, 10 AM
1 / 73
$794,000
4
BEDS
3
TOTAL BATHS
2,224
SQFT
616 Mosaic Boulevard Daytona Beach, FL 32124
Single Family Residence For Sale
- Active

Welcome to 616 Mosaic Blvd - A Custom Lakefront Retreat with Luxury at Every Turn This exquisite 4-bedroom, 3-bath pool home in the highly sought-after Mosaic community of Daytona Beach is a true showstopper — and an absolute must-see for discerni

Listing courtesy of Kristen Hopfe of O'Brien Real Estate LLC
657 Southlake Drive Ormond Beach FL 32174
New Listing - 18 hours on site
1 / 61
$850,000
3
BEDS
2
TOTAL BATHS
2,864
SQFT
657 Southlake Drive Ormond Beach, FL 32174
Single Family Residence For Sale
- Active

Gorgeous Customized Pool Home in Gated Golf Community - Loaded with Upgrades! Stunning 3BR plus den and two flex rooms, along with 2 bathrooms, a two-car garage, and a solar-heated saltwater pool in the desirable gated golf community of Plantation B

Listing courtesy of Tracey Klein of Florida Homes Realty & Mortgage

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Related posts:

  1. The Benefits of Homeownership May Reach Further Than You Think
  2. Homeownership Could Be in Reach with Down Payment Assistance Programs
  3. Knowledge Is Power on the Path to Homeownership
  4. Americans’ Powerful Belief in Homeownership as an Investment

Posted in: Blog, Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Move-Up Buyers

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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Latest Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?
  • Don’t Let These Two Concerns Hold You Back from Selling Your House
  • The Big Difference Between Renter and Homeowner Net Worth
  • Should You Sell Your House or Rent It Out?

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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