PARSIPPANY, NJ -- (Marketwired) -- 04/22/13 -- Should couples wait until marriage? Times are changing, and a new study from Coldwell Banker Real Estate LLC uncovered that about one in four married couples between the ages of 18 to 34 purchased their first home together before their wedding date, compared to 14 percent of those ages 45 and older. According to the survey, 35 percent of all married couples purchased their first home together by their second wedding anniversary, and 80 percent of married homeowners who purchased their home while married said it did more to strengthen their relationship than any other purchase they made together.
"While life goals and expectations continue to weigh on young couples, their views of homeownership are transcending their plans of marriage and starting a family, creating a direct effect on the patterns of buying a home altogether," said Dr. Robi Ludwig, a leading psychotherapist and Coldwell Banker Real Estate LLC lifestyle correspondent. "What we're seeing is that young couples are switching up the order and purchasing their first home regardless of whether or not they have set a wedding date. This is a huge movement within the American culture. While younger generations may be focusing more on their career, and in turn waiting longer to get married and have children, they are not delaying their dream of homeownership."
Survey Trends: Love, Marriage and Homebuying
•New Homes for Newlyweds: More than one in three married homeowners (35 percent) purchased their first home together by their second wedding anniversary.
•Cold Feet? Not These Couples: 17 percent of all married couples surveyed purchased a home together before their wedding day.
•Millennials are Less Likely to Wait Until Marriage: 24 percent of married homeowners ages 18 to 34 bought a home together before they were married, compared to 14 percent of those ages 45 and older.
•Southerners Take Their Time: 72 percent of married Americans in the South waited until after they were married to purchase a home, compared to 60 percent of Americans in the Northeast.
•To Have and to Hold ... and to Own: Only 16 percent of married U.S. adults have not purchased a home together with their current spouse.
"When a couple buys their first home, it's one of the most exciting new experiences they ever will share together," said Dr. Robi Ludwig. "They not only learn about each other's wishes and dreams during this process, but they also learn how to be practical with each other and compromise. Buying a home has more of an impact on a couple's relationship than any other purchase they will ever make. It bonds two people together and makes them a family."
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