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A Mortgage Before Marriage!

  • Writer: Debora Sanders
    Debora Sanders
  • Jan 27, 2022
  • 1 min read

Times they are a-changing! According to Lending Tree, young adults are getting married later in life. In 1980, the median age of a first marriage for men was 24.7 and 22 for women; by 2018, those numbers rose to 29.8 for men and 27.8 for women.

  • Millenials comprise 37% of current home buyes

  • Twenty-seven percent of millennial buyers say they are postponing parenthood until after they purchase a home

  • 22 percent are waiting to get a pet until they have a home of their own

  • 17% of Millenials are holding off on job changes until they can purchase a home

With a shortage of inventory in many parts of the country and extremely high home prices in California, young people may be waiting a while. Saving enough money for the down payment and finding a home they can afford are a difficult challenge but I have confidence in our young people. I have 4 nieces who've graduated from college and all of them seem to be conscientious savers. Every dollar counts and a little help from the parents wouldn't hurt either!

Source: “Nearly 1 in 4 Millennial Homebuyers Want to Buy a Home Before They’re Married,” LendingTree (April 16, 2019)

 
 
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Sotheby's International Realty
3775 Via Nona Marie Suite 100, Carmel CA 93923
831-620-2936

License: DRE#01966114

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Debora Sanders is a real estate salesperson licensed by the state of California affiliated with Sotheby's International Realty. Sotheby's International Realty is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

*All Rights Reserved*

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