In the News – More Millennials That Are First-Time Sellers Look To Cash Out

In the News – More Millennials That Are First-Time Sellers Look To Cash Out

Home prices are going up and younger homeowners are taking advantage of it.

According to a Redfin survey of more 1,700 home sellers in July, 36 percent of Millennials said that they sold their home to make a profit. Three-quarters of the Millennials surveyed were first-time sellers. April’s survey indicated that 27 percent of owners 34 and young said that profit was the motivation for selling.

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