Local realtor explains why more millennials are becoming homeowners during pandemic

Posted at 5:57 AM, Aug 17, 2020
and last updated 2020-08-17 14:31:06-04

BAKERSFIELD, Calif. — While many businesses have taken a hit during this pandemic, others have been booming. We spoke with a local realtor to find out why the coronavirus is pushing millennials into their first homes.

"We all know that the best investment you can make is buying a home, so I think that millennials are kind of taking advantage of that," Ian Mellon, a sales agent with Miramar International, said.

Mellon said living with parents is one of the biggest motivations for millennials to purchase a home right now. "I even have people where they're buying a home because they're living with mom and pop and everybody's working from home right now, and they're butting heads."

With rates as low as they are, even if you're not looking into purchasing a new home at the moment, Mellon said it's a great time to refinance. He added many people from outside of Bakersfield are looking into real estate here. "Kern County is seeing a lot of people moving from out of the area. We're seeing people from Orange County areas, or LA or San Diego areas moving to Bakersfield right now just because their money stretches further."

For more about Miramar International, you can visit their website here.