Ashley Massey - Real Estate

A recent Bankrate study found that 42% of millennials have purchased a home by themselves, bucking the tradition of purchasing with a significant other or spouse.  Bankrate Analyst Alex Gailey said millennials are buying homes in other ways too.  “Buying a home with a friend or relative other than domestic partners spouse does continue to be less common on the whole,” Gailey said. “But 10% of millennials have purchased a home with a friend, and that is significantly higher than Gen Xers and baby boomers, which are both below 5%. So, it’s interesting to sort of I think this is something that’s emerging. I think it’s a trend that’s kind of just getting started.”  Gailey believed that many millennials are either choosing not to marry or delaying marriages but still want to become a homeowner.  “Over 70% of millennials told us that owning a home is still a key part of the ‘American Dream,’ which just means that they’re going about it a little differently,” Gailey commented.  She said she knows affordability is a problem right now, so she suggested finding ways to save to build up funds for a down payment. Ashley is an Has an MBA and is a top-performing real estate agent who teaches other agents how to grow their business.  She's the author of Fast Track Agent.