Janet Laughead BHHS Commonwealth Wellesley MA


Some of the reasons why the young ones are not buying a home are the high student debt, affordability among others. We are going to discuss the primary reasons why young people are not buying a house in this article. Here we go:

Affordability 

One of the main reasons why millennials are not into real estate investment is a substantial financial implication. The home affordability for first-time buyers decreased to about 92.5 in 2018 according to NAR – National Association of Realtors. The index was 109.3 in the year 2015. A value of 100 shows that a family has what it takes to qualify for a median-priced home. 

High level of student debt

Another reason why many young people could not afford a home is the high level of student debt. In the United States, student debt reached $1.5 trillion, and it is one of the factors that are hindering young people from investing in real estate. Apart from high student debt, they also have to deal with meager wages. The NAR report explained that more than half of the homebuyers who are below the age of thirty-eight that student debt is one of the significant factors that delayed their home buying. Apartment list shows that graduate that does not incur student debt will save for 7.6 years at 20% down payment to get home while those with debt will have to save money for more than 11.6 years.

Tighter Lending 

If you are wondering why young people cannot afford a home, one of the reasons is stricter lending conditions. Financial institutions have tightened credit underwriting to minimize risk. The rise of house prices does not favor the young ones who are planning to buy a home. They will have to accumulate enough cash over a long period to enable them to afford a house. The Bank of America noted that those within the age of 25 to 35 years commenced their career at the time of financial crises when the labor market and economy were recovering.

Not Married Yet 

The delay before getting married and having children means that young people are not considering getting a home sooner. The CDC (Center for Disease Control) reports that the mean age of a first-time mother is now 26.6. They discovered these findings in 2016; they added that the average age might increase when we consider the women in urban areas as well as college-educated women. According to the Census Bureau, getting married and having children are life events that trigger buying a home.

As a young person looking to buy a home, you should speak to a financial advisor and a reputable real estate agent to plan towards owning your own home.


If you intend to list your house in the weeks or months to come, it usually pays to assess real estate market data. In fact, there are many reasons why you should conduct housing market data analysis, and these include:

1. You can learn about the ins and outs of the real estate market.

Let's face it – navigating the home selling process can be difficult, regardless of whether you've sold houses in the past or plan to list a home for the first time. Fortunately, housing market data can help you better understand the real estate sector, increasing the likelihood that you'll make informed decisions at each stage of the home selling journey.

Remember, evaluating the prices of available houses in your area, finding out how long these residences have been listed and reviewing other pertinent housing market data can make a world of difference. If you use this information to understand the current state of the real estate market, you can boost your chances of enjoying a fast, profitable home selling experience.

2. You can determine a competitive price for your house.

What you originally paid for your house is unlikely to match your home's current value. Luckily, you can analyze real estate market data to find out how your house stacks up against the competition and price your residence appropriately.

Look at the prices of local residences that are similar to your own – you'll be glad you did. If you study this pricing data closely, you can narrow the price range for your house. Then, you can establish a competitive initial asking price for your house.

3. You can reduce the risk of encountering home selling pitfalls.

Want to avoid setting an initial home asking price that is too high or too low? Or, do you want to ensure that your house is buyer-ready from the moment that you add it to the real estate market? If you evaluate housing market data, you can obtain the insights that you need to avoid potential problems during the home selling journey.

Lastly, if you need extra help as you prepare to sell your house, you may want to hire a real estate agent. This housing market professional can provide you with a wealth of real estate market data and offer expert home selling recommendations. That way, you can optimize the value of all of the housing market data at your disposal.

Let's not forget about the comprehensive assistance that a real estate agent offers as the home selling journey progresses, either. A real estate agent will help you list your house, promote it to the right groups of buyers and negotiate with a buyer's agent on your behalf. And if you ever have home selling concerns or questions, a real estate agent will gladly respond to them.

Take a data-driven approach to selling your house – perform real estate market data analysis, and you can gain the home selling insights that you need to succeed.


The opportunity you've been waiting for! First of 2 spectacular homes to be built by well-respected, long-term area builder known for fine craftsmanship. Gracious front porch with French door access from both living and dining rooms. Glorious Sunroom and a window-lined casual dining area flood the family room and kitchen with sunlight. Large kitchen with massive island and top-quality appliances. Hardwood floors throughout, Gorgeous wooded lot, with sidewalk, less than 1 mile to Sherborn Center. New septic, new well! Late Spring 2019 delivery, so buy now to participate in final touches.

This is a Colonial style home and features 11 total rooms, 4 full baths, 1 half bath, 5 bedrooms, 2.07 Acres, and is currently available for $1,499,000.

For complete details click here.

Natick, MA:

This Condo in Natick, MA recently sold for $649,900.
This is a Mid-Rise style home and features 7 total rooms, 2 full baths, 2 bedrooms, and was sold by
Janet Laughead - CENTURY 21 Commonwealth

Incredible location for this pristine, convenient, top level condo. Flexible plan with 1 or 2 bedrooms Newer stainless and granite kitchen and marble bath. Beautiful bamboo floors. Individual AC units. HEAT & HOT WATER and 1 PARKING space INCLUDED in RENT ... with 2nd space possible for rent. Laundry in building. Convenient to Wegman's, Chestnut Hill Mall, Newton Center, Longwood Medical area, T and bus stops!!

This property features 4 total rooms, 1 full bath, 1 bedroom, and is currently available for $1,800.

For complete details click here.



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