WSJ: "Millennials Help Power This Year’s Housing-Market Rebound"12954
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The Wall Street Journal (27 August 2020) Millennials Help Power This Year’s Housing-Market Rebound "Millennials reached a housing milestone early last year when the group first accounted for more than half of all new home loans, and they consistently held above that level in the first months of this year, the most recent period for which data are available, according to Realtor.com. The generation made up 38% of home buyers in the year that ended July 2019, up from 32% in 2015, according to the National Association of Realtors," according to The Wall Street Journal. "The group last year also surpassed baby boomers as the biggest living adult generation in the U.S., according to the Pew Research Center. The largest cohort of millennial births was in 1990, Pew said, meaning that group turns 30 sometime this year," according to The Wall Street Journal. --- Seems like the above is good news for 24/7 Open House Virtual Tours! Dan |
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