More young adults are buying homes in Central Indiana, according to realtor F.C. Tucker.
The company reports that 20-somethings made up a large portion of the 35 percent of new homebuyers in May across the region.
F.C. Tucker President Jim Litten says year-to-date home sales leaped by 19 percent from May 2012 to just last month. Litten says the young, new homebuyers previously lived at home with their parents because of the bad economy.
“They’re feeling a new sense of wealth because many of them are employed now as compared to when they got out of college three years ago four years ago, their prospects for jobs were not real great at that time,” he says.
He says the figures show that the economy continues to improve and that the Indiana job market is good for younger workers. Litten says the average year to date sales price for a home in May in Central Indiana was roughly $157,000.