How Millennials Are Changing the Housing Market

The economic recovery has been good for many Americans, and one of the side effects is a surge in home buying among millennials. Millennials in their late 20s and early 30s in particular are leading the charge, with homeownership rates among these groups two to four times higher than other age groups between 2014 and 2016, according to a research report by Fannie Mae. “There’s been an influx of millennial home buyers this year, as older millennials have had some time to grow in their careers and pay off student loan debt,” says Stuart Eisenberg, national director of real estate and construction practice for accounting firm BDO USA, LLC.

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Source: Investopedia