Millennials are skipping starter houses. » Mortgage Masters Group

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Millennials are skipping starter houses. Mortgage Masters Group "When you rent, the money goes from your pocket into the air; when you’re paying a mortgage. and a broker with American Homes Group. "We have seen a steady uptick over the past two years.

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Millennials who put off buying their first home are skipping the starter home and going straight for the dream house. They can afford pricier homes after living with parents or by getting help.

Millennials are skipping starter houses. Mortgage Masters Group Because most Millennials buying homes today are in their mid-30s, they are often married, have children, or simply desire more space and better amenities in their homes than have traditionally been included in first-home purchases.

Millennials aren’t buying "starter homes" – they’re typically spending more on their first homes. "Many people are basically skipping starter homes," Rascoff says.. are the largest group of.