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For the National Association of Realtors there are very clear reasons why the purchase of a home is not motivated.
Data from the Ministry of Finance and Public Credit indicate the average price per home in each of the country’s states.
A NAR study explains the possibility of buying a home by generational segment to which they belong, identifying the millennial very well
A study concluded where you liveor where a millennialthereby revealing an important insight in real estate.
In addition to this study, there are important insights that have been found by organizations such as the National Association of Realtors, when he talked about the reasons why buyers do not buy a home in the United States. This same agency also measured, by generation, how many consumers with the ability to purchase a home existed in the United States and a projection by the Ministry of Finance and Public Credit and the Federal Mortgage Society reveals the average price of a home in Mexico, by state .
Where the millennial lives, according to a study
The US Census Bureau worked jointly with the University of Harvard, to find where millennials are most likely to live. According to this research, more than two-thirds of millennials live near the area in which they grew up. 80 percent of those interviewed for the study agreed that it moved less than 160 kilometers around and 90 percent less than 800 kilometers. According to this study conducted in the United States, Latinos and African-Americans are less likely to move away from the area where they grew up than whites or Asians.
For the NAR, profiling the area where a consumer lives by generational aspects even determines the average purchasing power they have. To the research who has the greatest opportunity to buy a home in the United States, the segment most likely to do so (25 percent) was that of millennials as well as the largest segment of generation Y.
Dimensioning these studies in Mexico requires reviewing figures that at the time were made known by the Ministry of Finance and Public Credit and the Federal Mortgage Society, where they explain to us that the average price of a home is very high in Mexico City, where it reaches two million 892 thousand pesos; while the state with the lowest average home price is Tamaulipas, with 806 thousand pesos.
It is interesting to see these guidelines that outline the person who aspires to buy a home, because according to the generation to which they belong, the potential they have to get a home is defined, in addition to common problems, such as those encountered by the National Association of Realtorsto the discover that the reasons why foreign consumers could not get a home in the United States was because the 25 percent of them did not find a home to be purchased; a 22 percent considered it difficult to transfer money from their home nation to the United States and a 21 percent found the price as an impediment.
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