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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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Young First-Time Buyers Are Saving for Their Dream Homes

Young First-Time Buyers Are Saving for Their Dream Homes | Simplifying The Market

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features.

According to a survey from Open Listings, 70% of single renters are more likely to spend their Sunday nights swiping through house listings than dating profiles.

All that time window shopping has led 45% of millennials to expect the first home they buy to be their “dream home”! They are willing to wait longer, save more for a larger down payment, and are pickier about the listings they want to tour and the features that they want to see in their first home.

Waiting a little longer to buy a home than their parents or grandparents did has also helped young buyers become more established in their careers prior to making such a large purchase. Lawrence Yun, NAR’s Chief Economist, recently commented,

“Older millennials are now entering the prime earning stages of their careers, and the size and costs of homes they purchase reflect this. Their choices are falling more in line with their Gen X and boomer counterparts.”

In some areas of the country, high competition in the starter home market forces young buyers to wait longer. The extra money they save during that time opens their search to bigger, more expensive homes.

If this trend continues, older millennials will skip the starter home altogether, going straight to a trade-up or premium home instead.

Bottom Line

If you are one of the many young renters planning on buying your first home soon, let’s get together to help determine what type of home will best suit your present and future needs.

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
304 River Bluff Drive Ormond Beach FL 32174
New Listing - 42 minutes on site
1 / 73
$525,000
4
BEDS
3
TOTAL BATHS
2,797
SQFT
304 River Bluff Drive Ormond Beach, FL 32174
Single Family Residence For Sale
- Active

Immaculate 4 Bedrooms, 2.5 Bath with a 2 Car Garage overlooking an incredible, private, peaceful, nature preserve. Roof 2024, AC's 2021 and 2015, HWH 2021, and Pella Windows (most rooms) 2025. As you enter the home, notice vaulted ceilings above upda

Listing courtesy of Jonathan Gildon of Realty Pros Assured
135 12th Street Daytona Beach FL 32117
New Listing - 3 hours on site
1 / 41
$450,000
4
BEDS
3
TOTAL BATHS
2,247
SQFT
135 12th Street Daytona Beach, FL 32117
Single Family Residence For Sale
- Active

Don't miss this RARE opportunity to own a versatile home with room for everyone! WELCOME to this quaint 2 bedroom, 1 bath with a FULLY REMODELED MOTHER-IN-LAW SUITE. Both houses open to furniture negotiation! Plus plenty of extra parking space for e

Listing courtesy of Elizabeth Bean of Buy The Sea Realty
3311 S ATLANTIC Avenue 602 Daytona Beach Shores FL 32118
New Listing - 4 hours on site
1 / 36
$534,000
2
BEDS
2
TOTAL BATHS
1,674
SQFT
3311 S ATLANTIC Avenue 602 Daytona Beach Shores, FL 32118
Condominium For Sale
- Active

Priced to Sell ! ** Owner Financing will be considered ! ** Wake up to breathtaking sunrises over the Atlantic from this spacious 2 bedroom, 2 bath direct oceanfront condo! With two spacious living areas, there's plenty of room to relax and entertai

Listing courtesy of Beth Beaudet of Ponce Inlet Realty, Inc

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SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

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Related posts:

  1. 2 Myths Holding Back Home Buyers
  2. Home Buyer Demand Will Be Strong for Years to Come
  3. With Inventory Low: Will Your Dream Home Need Some TLC?
  4. Homeownership is a Cornerstone of the American Dream

Posted in: Blog, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Rent vs. Buy

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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

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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
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  • 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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Contact James Today

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

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