Facts About the Millennial Housing Market in Dallas
According to the 2019 Home Buyers and Sellers Generational Trends Report. by National Association of REALTORS, over 48% of buyers 21 to 28 years (Younger Millennials/Gen Yers) and over 51% of buyers 29 to 38 years (Older Millennials/Gen Yers) want their REALTOR to help them find the right home to purchase. This is slightly less than buyers in other age segments but at the same time the millennials expect their real estate agents to help them more with the negotiations during the home sale or purchase process.
Other areas where REALTORs have helped the millennial home buyers are:
Helped buyer understand the process
Pointed out unnoticed features/faults with property
Negotiated better sales contract terms
Provided a better list of service providers (e.g. home inspector)
Improved buyer's knowledge of search areas
Negotiated a better price
Shortened buyer's home search
Provided better list of mortgage lenders
Expanded buyer's search area
Narrowed buyer's search area
Millennial life in Dallas
The five best Dallas suburbs for millennials, according to a recent report by Thrillist are:
Richardson
Garland
Duncanville/DeSoto/Cedar Hill
Grand Prairie
Of course, the best neighborhood for you may be different from any of these areas listed. With nearly 40 suburbs in the Dallas area, you are sure to find a neighborhood to match your “must-haves” list and narrow down your top choices. Contact us for an in-depth analysis of your needs and recommendations along with market reports of various neighborhoods in Dallas!
About us:
If you are interested in moving to our great city of Dallas and need help finding a home, I would appreciate the opportunity to help you. I have lived in Dallas metro area for over 16 years. Since many of my clients are relocation buyers, I have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, I can make this process as comfortable as possible no matter where you are located.
