Millennials Prioritizing Homeownership Over Marriage
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While the adage, “first comes love, then comes marriage,” may ring true, for many millennials, “first comes home, then comes marriage.”According to a new SunTrust survey, nearly half of millennials (ages 22-38) who have been married say they and/or their spouse owned a home before marriage, compared to only 35 percent of Baby Boomers (ages 55-73). 1
The latest statistics show many Millennials prioritize homeownership over marriage as the average cost of a wedding continues to drastically increase. But choosing to get a mortgage instead of a wedding certificate is not without its own risks, a new Redfin report warns.
The survey reveals that, among more than 2,000 U.S. adults, nearly half of millennials (aged 22-38) who have been married say they and/or their spouse owned a home before marriage (48%), compared.
· Nearly three-quarters of millennials cite homeownership as a top goal, and are prioritizing it over marriage and having children. Interestingly, 90% would rather pay more for a preferred location than to purchase a property elsewhere at a lower value.
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In addition to finding homeownership is a top priority among millennials. in monthly mortgage payments over time." To view the full report, visit.
Millennials Prioritize Homebuying Over Marriage and Kids Bank of America’s 2018 Homebuyer Insights Report, surveyed 2,000 millennials, 23-40 years old: 80% say retirement is their priority; 72% say home ownership is their priority; Only 50% say marriage is their priority; Only 44% say having kids is their priority.
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Millennials have been doing things a little differently than their predecessors – and homeownership is no exception. A report from Bank of America revealed that the millennial generation is now prioritizing homeownership over other major milestones – i.e., starting a family.. The report shows 72% of millennials are prioritizing owning a home, compared to the 50% prioritizing marriage.
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Say what you will about sex after marriage, but getting married does. found that when it comes to finding romantic partners, Millennials are increasingly prioritizing political affiliation over.
· Change is on the rise with the millennial generation. Getting married early is on a downward trend to say the least; only 20 percent of millennials between the ages of 18 and 30 are married, compared to the 60 percent of Gen Xers at their age who were already married, according to.
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· Some couples are even buying homes together before getting engaged, prioritizing homeownership over marriage. This reflects a generational shift in attitudes toward marriage.