Will Millennials Own Homes?

Will Millennials Own Homes?

According to the Apartment List report, homeownership rates among Millennials continue to trail previous generations. At age 30, 42 percent of Millennials own homes. That's down from 48 percent of Gen Xers when they were the same age and 51 percent of Baby Boomers. And some Millennials are in no hurry to buy.

Will millennials ever buy houses?

Millennials are ending their leases, moving out and buying houses in larger numbers. In fact, they make up the fastest-growing segment of buyers today, according to a recent National Association of Realtors report. Particularly, those in their late 20s to early 30s are pushing this segment along the most.

Why millennials will never own homes?

Millennials are not buying homes as readily as the previous generation. ... The burden of student debt is preventing many young people from saving up for a down payment and buying a new home difficult as the affordability gap widens.

James H. Sterling
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James H. Sterling

James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.