Why Millennials Will Take Over the 2021 MarketPosted by arhome realty on
Why Millennials Will Take Over the 2021 Market
Experts are saying that Millennials could account for at least 15 million home sales over the next 10 years.
Millennials – the bulk of which are turning 30 this year – are the largest and most educated generational group in history. There are about 72 million in the population as of 2019, and most are beginning to enter their prime home-buying years.
A few things are making this even more possible despite rising prices. One is historically low mortgage rates. The main one, however, is a dramatic increase in personal savings, which reached to an all-time high at the April peak of the pandemic lockdowns and remain above the historical average as recreations spending opportunities are limited. For…
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