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20-Somethings Are Buying Million-Dollar Homes

20-Somethings Are Buying Million-Dollar Homes | Real Estate | Scoop.it

More 20-Somethings Are Buying Million-Dollar Homes Than Ever Before, thanks To Startups And Rich Parents, skipping starter homes altogether and going straight for sprawling houses.


Via Michael Stuart
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Interestin developments in the world of real estate...

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Michael Stuart's curator insight, July 21, 2013 9:13 AM

Real estate brokers say millennials are buying homes, and expensive homes, like never before thanks to wealthy parents and the tech boom.


The younger generation also thinks houses are a safer investment than the stock market. Skipping starter homes and condos altogether for sprawling houses. The tech boom is largely to thank.


The reason: There's a generation of wealth that didn't exist before in America. Baby Boomers made more money as a whole than their parents.

For the first time since the pre-Depression, Gatsby era, we have a generation of kids whose parents made a great deal of money and are giving a great deal of it to their children.

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Real Estate Agents' Website Could Give Homebuyers a Jump on ...

Real Estate Agents' Website Could Give Homebuyers a Jump on ... | Real Estate | Scoop.it
A relatively new database for Twin Cities real estate agents that plans to go national might help agents close deals that much sooner -- simply by giving.
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