
We can attribute delayed millennial entrance into the housing market primarily as an outcome of financial circumstance... but this isn't a bad thing for everyone. Ultimately, it could potentially drive down prices and mortgage rates not only for cautious millennials, but for everyone.
According to a recent Zillow survey, respondents ages 18 to 34 believe more strongly than previous generations that owning a home is necessary to being a respected member os society, living a good life and obtaining the American dream.
Although they've faced a tough market thus far, experts say that millennials will soon impact the homeownership landscape. With home prices on the rebound, an improved job market, and a softening in tight lending requirements that impacted home buyers in the recent years... things are looking up for the latest generation of first-time homebuyers.
Check out the article for more on the story:
http://www.reviewjournal.com/business/money/why-millennials-will-make-it-easier-you-buy-house
Photo: JEFF SCHEID
Source: REVIEWJOURNAL.com
No comments:
Post a Comment