Millennials Delay Homeownership

According to real estate guru John Burns, Millennials, the generation nobody can quite understand, tend to postpone home ownership until much later than their parents did.

And why not? Even at age 36, more Millennials are living at home with their parents than ever before.

Certainly, the rising price of homes in a very tight housing market is a factor that makes homeownership seem nearly impossible. Indeed, most Millennials in their mid-to-late 20’s choose rental apartments instead.

Case in point: Only 8% of 20-year-old householders own a home today, compared to 38% of 30-year-olds and 52% of 36-year-olds.In fact, homeownership reaches 50% by age 36 today, compared to 50% homeownership at age of 31 in 2006, a delay of five years.

If you’ve invested in rental units, apartments or single-family homes, this is a very promising trend. If your kids are still living at home, well… good luck.

Read on HERE

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.