Print
EmailGen Y wants to own homes – in the ‘burbs
Generation Y, or the Millennial generation, wants to own homes – 64 percent of them say it is “very important” to them. Contrary to what many believe, most Millennials want to live in the suburbs, where the housing crisis is felt the most, according to the New Geography.
The challenge is opening the housing market to Millennials without reinstilling the unstable financial leverage that triggered the Great Recession. Millennials have borne much of the brunt of the economic crash and are aware of the importance of living within one’s means; like their grandparents and great-grandparents, Millennials are likely to be frugal and cautious home-buyers and won’t gravitate toward the McMansions.
For more information: www.newgeography.com/content/002343-are-millennials-solution-nation%E2%8...
More like this
Comments on: "Gen Y wants to own homes – in the ‘burbs"
RELATED ARTICLES
Sustained KBI score reflects continued optimism heading into summer.
The American Architectural Manufacturers Association (AAMA) announced the release of an interim procedural guide that will provide a documented, optional process to extend...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
