11 Views· 26 July 2022
Frozen out of homeownership, millennials explore co-buying | Challengers by Freethink
Frozen out of homeownership, millennials explore co-buying | Matt Homes | Co-buy
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There have been substantial shifts in the demographics of first-time home owners over the past 20 years.
Millennials buy homes later in life, for instance, and many are aging into home ownership now for the first time. And instead of living in a typical two-spouse household, many of those millennial homeowners are opting to live with and split the mortgage cost and ownership with their friends.
But while this co-buying trend has completely shifted the nature of homeownership, the real estate industry has yet to adapt. Many co-buyers are finding that real estate agents are unfamiliar and unable to accommodate their non-traditional buying structure.
Which is why Homes — appropriately named, by the way — created Co-buy, a real estate platform designed to meet the needs of the modern home market. Rather than catering to single-family buyers, Co-buy allows multiple people to collectively purchase, or co-buy, the same property.
Read the full story here ►►https://www.freethink.com/seri....es/challengers/cobuy
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