Barb Schlinker The Real Estate Voice

Why the Millennial Generation Should Not Fear Soaring Home PricesSegment 2Why the Millennial Generation Should Not Fear Soaring Home PricesWe are back with Barb Schlinker, Barb…Many home buyers are concerned that they will get priced out of the market.  Why should people not fear soaring home prices and what about those first-time home buyers currently fueled by the Millennial generation who are starting to buy homes?1. God Bless the Millennials!  I am the mother of one.1) Now they have jobs2) They SAVE $$3)  Housing is ExpensiveThe Facts:Home Prices up 20% in the past yearSo have RENTAL RATES!$ Average RentY o Y ChangeAvg Size$1458 Month16%849 SFSource: Rent CafeYou Could Own for Similar Amount!I have 3 Properties Coming On the Market in the Next Few Weeks BELOW That:Townhome with NO HOA$270K - Pmt: $1271SFA Home Powers: $300K – Pmt: $1357SFA Home Fountain:$300K – Pmt: $1332NEW SLIDEHousing Affordability Remains Above Average for Payment:Average Home in 2019:  Average Price $364KAverage Home in 2021:  Averag