Millennials are a generation in which anything touched tends to be swayed in one direction or another.  The biggest example is with the housing market.  While in years past, most Millennials were turning to renting instead of buying; they now see opportunity in buying and owning homes.

According to a survey calculated by Digital Risk, 73.41% of Millennials haven’t purchased a home in the last 5 years, but 69.57% are interested in doing just that at some point within the next 5.

This generation is doing things differently than previous generations. The main focus of this generation tends to lean towards career path and employment opportunities instead of marriage.  Since Millennials are waiting much longer to get married and start a family than previous generations, many are no longer waiting until that point to get a mortgage. Instead, they are buying homes sooner and owning for shorter periods of time, before moving to the next home.

While there are some different types of obstacles that Millennials have to face that other generations didn’t have to, such as an abundance of student loans, this doesn’t impact their want of buying a home.

A March 2015 report from the National Association of Realtors reported that Millennials represent the biggest group of homebuyers in America with 32%, which is only going to increase in the coming years.Buying a home for this generation is a milestone and part of the “American Dream,” that they want to be part of.  The homes that they choose to buy; however, aren’t usually new homes, but older homes that they may need to do some work or renovations on.

Norcom Mortgage “Dream Home Loan” can help with just that.  The Norcom Mortgage Dream Home Loan provides the cash needed to pay for upgrades, improvements, or other repairs to the property.