How Millennials are changing the housing and real estate market
More and more Millennials are looking to purchase a home, and Millennials now represent 32 percent of homebuyers, which is the largest portion of homebuyers in the market. According to Austin Hale, a Millennial product manager for a real estate investment software company “Millennials present an entirely new dynamic in the real estate market. They’re much more likely to rent, to congregate in urban areas, and to be cautious when taking on debt.”
The purchasing habits and lifestyle changes of Millennials are altering the real estate market. The following are ways that Millennials are altering the way that the housing and real estate market operate.
Millennials have a preference for…