Property News · May 27, 2016

Millennials aren't buying homes right now. What if they never do?


Despite lower mortage rates and increased employment, one demographic group isn’t touring open houses or scouring online listings in search of their new homesSomebody is buying houses in the United States – but it sure isn’t millennials. Just ask their parents. They’ll be the ones worrying in the kitchen about whether their little darlings will ever leave.Purchases of single-family homes posted a whopping 16.6% jump during April over March’s levels, the largest such one-month gain recorded in more than eight years, and the median price point hit a record $321,100. Continue reading…

Source : theguardian.com
Read more…Millennials aren’t buying homes right now. What if they never do?

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