July 14, 2019
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In surveys taken ten years ago, Millennials used to say that they would never want to live in the suburbs, and they initially showed little interest in getting married and starting families. Following the housing crash, millions of them moved in with their parents, further slowing household formations. Generation Y used to be a small part of the housing market, but now the Millennials account for more than one-third of all home purchases. Data from the National Association of Realtors shows that “older Millennials,” those born between 1980 and 1989, by themselves account for 26% of all home purchases. The older Millennials, now in their thirties, have started having children and are showing an increasing desire to own a home. And sometimes, those homes are in (shudder) the suburbs! Read more |
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