Millennials Buying Before Marriage

Real Estate

Young adults are getting married later than previous generations. In 1980, the median age for men and women at their first marriage was 24.7 and 22, respectively. In 2018, the ages increased to 29.8 and 27.8, for men and women, respectively.

But this delay in marriage isn’t deterring them from homeownership, though. Almost a quarter of millennials say they are postponing marriage until after they buy a home, according to LendingTree’s latest survey.

Millennials make up the largest share of homebuyers at 37%, according to a report from the National Association of Realtors. This new LendingTree research suggests that even more of them are preparing to buy a home within the next two years.

We surveyed adults ages 22 and older who are thinking about entering the housing market to determine their attitudes and thoughts toward homebuying. Here’s a deeper look at the results.

 

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