Look Who’s Driving the U.S. Housing Market
Millennials! What, you thought they’d stay away forever?
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Not very long ago, it was fashionable to ask if millennials would ever crawl out of their parents’ basements and into a realtor’s office. Enthusiasm for that view, which had gained wide exposure by 2012, lost steam as mortgages got easier to come by and millennials kept insisting that no, actually, they do want to own a home.
A flurry of reports released yesterday should further dispel the notion that millennials are allergic to homeownership.