Rising rent costs are pushing millennials to purchase homes and their wants are much different than the 55+ aged buyers who are house hunting too,
Chief economist for realtor.com, Danielle Hale, says they've found a clear difference in priorities based on recent surveys. "Older buyers are concerned with privacy and being able to age comfortably," she said "while millennials place more emphasis on family needs, stability and personal expression."
A survey of more than 1,000 active buyers done last week by Toluna Research provides insight into what both millennial (18-34 year olds) and older buyers are looking for:
Older buyers are focused on privacy while millennials place family and personal needs at the top of their wants. The majority of…