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Collins Community Credit Union

The Triple CU Scoop - Buying a home is the new engagement ring!

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Published on May 28, 2013

Although I hate to admit it, after attending a wedding last weekend I do have a bit of “wedding fever.”  I’m looking forward to the future; getting married, buying a home and having kids.  But, couples my age don’t necessarily do things in that order anymore.  

It’s no secret, rates are low, and now is a great time to buy; and more and more young couples are buying a home together before they say “I do.”  According to a recent survey from Coldwell Banker Real Estate, millennial couples are more likely to buy a home together before getting married than their parents and grandparent were. An article from USA Today states, “Almost a quarter of married homeowners aged 18-34 bought a home together before they were married compared with 14% of those aged 45 and older.” 

It may sound risky, both legally and financially, but young couples say buying a new home is like buying an engagement ring.  We see an opportunity and are taking advantage of it!  I personally know two couples that have bought a home together before making a trip down the aisle and it seems to be working out for them.     

What do you think; would you buy a home with your significant other before you were married?

 


 

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