Millennial Homeownership Headwinds Worrisome for Future

By Jann Swanson

Posted To: MND NewsWire

It is the largest generation in U.S. history and Millennials may also set a record as the one whose behaviors have been most heavily researched. Despite the hours of study and pails of ink, the direction the generation’s members will ultimately take in their lives still has the nation a bit flummoxed. This may especially be true of their decisions about shelter. The Urban Institute (UI) just completed another large study on young adults born between 1981 and 1997. That, compared to earlier generations, they are more tech-savvy, racially and ethnically diverse, better educated, and marry later in life, explains some but not all of their performance to date as homeowners. The UI team* finds that the 37 percent rate of homeownership within the generation in 2015 was lower than both of the preceding…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Millennial Homeownership Headwinds Worrisome for Future

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

Millennial Homeownership Headwinds Worrisome for Future

By Matthew Graham Posted To: MBS Commentary Bonds were stuck between a rock and a …