A great deal has been written and speculated about millennials and their preference to live in city centers as well as rent rather than own. While even some have gone so far to calling the millennials a “Renter-Generation”.
This might be true for some millennials, however new research shows the majority want to own!
This new research shows that 66% of millennials who currently rent want to buy a home! Even more important 73% of those surveyed plan to buy a home in the next five years, with 40% planning to do so within the next two years!
Ali Wolf, Director of Economic Researchat Meyers Research says. “Millennials want to own a home as much as prior generations, we saw millennial shoppers scooping up homes in 2018—and 2019 will be no different.”