Millennials Ready to Buy?

A new survey by Choice Home Warranty says that the millennial generation is slowly moving to the idea of home ownership with 30 percent reporting they plan to buy a home in the next five years. Shaped primarily by the housing crisis and recent recession this age group has been notoriously slow to embrace home ownership, largely due to the fact that they simply can’t afford it.

But with the employment situation continuing to improve and, no doubt, pushed by high rental rates, many now are seriously considering buying a home. Interestingly, nearly twice as many millennial women plan – or hope to buy a home within the next ten years than millennial men.

Leave a Comment