Home Ownership Tied to Financial Literacy
Millennials are among the highest educated earn more on average than previous generations. And it seems that having a higher education AND better financial literacy is tied to a successful outcome in purchasing a home.
This is where the problem lies though. Only 16% of millennials who are college graduates are considered financially literate according to a 2018 study by the TIAA Institute.
It’s hard to navigate the home ownership process if you don’t know how to manage finances and what the best decisions are to make in the home-buying process. That’s why I work very closely with my clients to ensure that they understand the financial decisions they are making every step of the way. I want my clients to feel good about the home they choose to buy, and confident in their knowledge of the process by the time we are done.
If you would like more information about the home buying process or you’re in need of valuable financial advice, then I’m here and ready to help. Contact me today to get started.
Kenneth Mwirichia, Realtor®