Millennials Not Buying, But Would Like To
Millennials – the generation of adults currently between the ages of 18 and 34 – are purchasing homes at a much lower rate than previous generations.
A new study, however, shows that although they are not buying now, they would like to buy one day.
“It’s heartening to see younger renters express so much confidence in their ability to buy a home in coming years, because today’s renters by necessity are tomorrow’s buyers,” Zillow Chief Economist Dr. Stan Humphries told Mortgage News Daily.
Image via flickr/Diana Parkhouse