The term “Millennial” seems to be the topic of conversation lately, and frankly, we have to get used to it. Millennials are about to be more than just a buzzword. This massive generation of approximately 80 million is about to take over the housing market.
Much is to blame for the Millennials’ delay in joining the housing market: student loan debt, a weak job market, low wages, etc. However, a recent survey conducted by TD Bank shows that Millennials are growing up and getting out there. REALTORS®: take note of the highlights to become fully prepared for the largest generation to start looking for and purchasing homes.
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Very interesting.
Great information to have as we look to this group to enter the housing market. Thanks for making this available to all.
A huge generation! Sounds like they also wait a little longer in life to purchase a home-due to the student loans, etc. Interesting article.