The Wave of Millennial Home Buyers Continues to Swell
The Wave Of Millennial Homebuyers Continues To Swell By: KCM keeping matters current 8/8/18 Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things. For older millennials (aged 25-34) who have established themselves in their career and are starting to build their families, homeownership is the next logical choice. According to the Urban Institute’s State of Millennial Housing , the probability of a millennial becoming a homeowner increases by 17.9% if they are married, and by an additional 6.2% if they have children. Last year, according to the US Census Bureau , the average age at first marriage was ...