Today’s Home Buying Generation

Today’s generation has a different buying perspective. Millennials have adapted to better adjust to the trends of the market. According to Forbes magazine, “Millenials are more likely to stretch their dollars to get into a home compared to other generations” (Paris, 2018). Not only this but, needs have shifted and preferences have been refined over the years to better reflect today’s rise in the housing market.

Elizabeth Weintraub from the balance discusses some of the “Hot Trends and Popular Styles for Millennial Home Buyers”. The three hottest trends in home design for Millenials today are noted as Pre-WWII, Mid-Century Homes, and Mediterranean. Weintraub provides an excellent summary of some of the current demands, in addition to trending designs. Heritage homes are classic and beautiful, they carry so much elegance, however, there should be some skepticism when viewing homes with these designs due to the potential of asbestos in pre-1990 builds.

Looking for more information on homes in Victoria? Contact us here.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.