We’ve all heard the phrase “the New Normal” and how it seems to continually pop up in our ever-changing lives. A recent article posted by the National Association of Realtors has a new take on the New Normal as being “the situation of the Millennial generation.”
In addition, according to recent several reports millennials love home ownership:
“…or at least the idea of a owning a home of their own. A whopping 80 percent of 25- to 34-year-olds say they are ‘optimistic about residential real estate,’ according to a Prudential/HSF Affiliates survey taken in the second quarter…This generation also embraces the emotional side of home ownership: 93 percent want a home for “more space for my family,” and 75 percent view it as ‘financial security to borrow against,‘ according to the survey.”
Read further at Gen Y’s ‘New Normal’
In addition, the recent Home Buyer and Seller Generational Trends Report 2015 finds that:
“Gen Y comprises the largest share of home buyers at 32 percent, which is larger than all Baby Boomers combined,” AND “Younger buyers tend to buy older homes, and are more likely to buy previously owned homes.“
For further reference see: Home Buyer Generation Trends Report 2015
