Millennials Buy Homes

for Their Best Friends

Millennials Buy Homes for Their Best Friends

Millennials Buy Homes for Their Best Friends 1024 536 Vellum Mortgage

One–third of Millennials had their best friends at heart — dogs, that is — when deciding to buy their first homes. According to an online survey conducted by Harris Poll, only wanting a bigger home and to build equity rather than pay rent to someone else scored higher.

Here’s how the Top 5 rounds out

  1. Gain more space – 66%
  2. Build equity – 36%
  3. Give Max or Bella (the most popular dog names in 2017, according to the American Kennel Club) more room and/or a yard – 33%
  4. Got/Getting married – 25%
  5. Had/Having a baby – 19%

Looking ahead, 42% of Millennials who haven’t yet bought homes responded that owning or wanting to own a dog would be a big factor in their home buying decisions.

Source: freddiemac.com