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Recent factors indicate that millennials, the oft-maligned generation who seem to live with their parents into their early 30’s, are becoming a real force in the real estate world.
Statistics don’t lie; many Millennials, saddled by an average debt of over $37,000 (thanks college!) are turning to real estate investing rather than stocks.
According to the National Association of Realtors, millennials continue to be the largest group of homebuyers, representing 65% of all first-time homebuyers last year. And according to TD Bank, 2/3 of them are saving for a down payment. In addition, 55% of millennials are enthusiastic about investing in real estate and are putting their money into single-family rentals.
But why? One reason posits that millennials like to invest in responsible and impactful assets. In their eyes, real estate investments provide housing to another person or a family in need. Who knew this generation was so high-minded?
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.