It seems that everyone is waiting for millennials to save the real estate market. And it looks like it might happen – with a caveat.
They are not going to make the same mistakes their parents made.
A study in late March by the National Association of Realtors found that, contrary to popular opinion, millennials actually do want to buy homes — but they're postponing it because they assume they can't afford it, particularly the down payment. In fact, more than one-third of all homebuyers these days are 35 and younger. That's more than Gen X'ers and baby boomers.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
