hpa: New Options for Millennial Home Buying
- 11/18/16 05:41 AM
Millennials have been slower to purchase homes than previous generations; in fact the home ownership rate dropped to 62.9% in the 2nd quarter of this year— the lowest in more than 50 years. But according to an article I recently read on CNBC.com:
"62% of millennials are renting or living with roommates but almost 90% want to be homeowners"
There are several reasons floated for this phenomenon: The 2008 housing bubble burst hurt millenials' parents very hard (albeit most temporarily); thus making their children more skeptical about housing as a good investment; Since the economy was bust at that time many millennials graduated, they had a much … (8 comments)
Related Links:
Amy Kramer
Realtor serving Austin and surrounding communities
Millennials have been slower to purchase homes than previous generations; in fact the home ownership rate dropped to 62.9% in the 2nd quarter of this year— the lowest in more than 50 years. But according to an article I recently read on CNBC.com:
;)
;)
;)
