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Veterans and Active Duty Military Homebuying

November 11, 2018

Veterans and active duty military members are making up an increasingly large amount of home buyers in the market today. This is in-part due to the VA home loan benefits and some of the other benefits brought on by over a decade at war (In Minnesota we have a Yellow Ribbon program that helps vets with some down payment assistance). We have more younger veterans buying homes. 

 

 

 

As a veteran of Afghanistan I think this is a wonderful thing to have veteran buying homes. They come to the community (or return to the community) with an employable skill, they have a solid foundation of discipline and a solid work ethic.

 

The National Association of Realtors has some interesting characteristics about these veterans -

  • Unique to active-service military buyers: most likely to buy a multi-generational home and most likely to have children under the age of 18 in the home, have the youngest median age

  • Unique to veteran buyers: Largest group purchasing home as a married couple, have the oldest median age

  • Unique to non-military buyers: biggest reason to move in future is for better neighborhood, bought the smallest size home.

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