In early 2017, millennials surpassed generation x by a measure of the total number of mortgages, and today this coming-of-age group represents half of all new mortgages! Needless to say, a growing number of homebuyers are millennials who too want to live out their dream of homeownership. What’s more, there are a growing number of stories featuring millennials who use homeownership as an investment vehicle to supplement their nine-to-five income. Millennials aren't just buying homes, they're building equity. A millennial first-time homebuyer made $100K in equity on his first home in just three years. If you're considering purchasing your first ever home, his story will give you insight on what it could be like for you.
“Throughout my late twenties, I rented condos around Boston. I was in a rhythm; content with working my nine-to-five job as a young professional and paying somewhat of a premium for a lease in a beautiful and up-and-coming section of the city called Charlestown.