Many of today’s new home buyers are Millennials – the generation born in the 80s and 90s – who are now getting married, starting families, and stepping into the real estate arena for the very first time. This is the same generation that grew up in a boom, followed by a bust and an insane decade of home-price escalation, wide scale under-financing, and subprime lending. Having witnessed the housing market’s wild ups and downs, Millennials may be wondering what new rules apply in this evolving real estate realm. Luckily, the ‘new rules’ can be discovered in the same tried and true traditional rules of home buying that were overlooked in years past.
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