Millennials Will Continue To Drive Home ownership Growth In 2019

Dated: 04/18/2019

Views: 58

The millennial generation (which is defined as people between the ages of 19 and 35) is the largest in US history, and currently they’re also the largest in driving homeownership growth.

According to a recent report from financial services company First American, the millennial generation had a huge impact on the housing market in 2018. While millennials still have lower homeownership rates than Baby Boomers or Gen Xers, millennial homeownership rose 1.2 percentage points year over year in Q3 2018—which made households under the age of 35 a larger contributor to homeownership growth than any other generation. And as more millennials approach their thirties and start marrying and starting families, that trend will only grow (according to the report, aging millennials will purchase a whopping 10 million new homes over the next decade).

The Takeaway

If you’re a millennial and have been thinking about buying a home, you’re not the only one. 2019 is a great time to join your peers and make your dream of homeownership a reality.

Blog author image

Denise Morrison

Denise Morrison Homes- REALTOR® -Allison James Homes & Estates- Serving New Hampshire. Notary Public / Justice of the Peace- I have extensive experience in the New Hampshire North Country, as well ....

Latest Blog Posts

Back-to-School Home Organization Tips

After a few months of having your kids at home throughout the day, sometimes organization and order go out the window. On top of the other stresses that come with a new school year, a messy house

Read More

Thinking About Renovating? These Features Can Help Your Home Sell Faster

When you renovate your home, you want to get the most bang for your buck. Not only do you want to make your home a better place for you and your family to live, but you also want your renovations to

Read More

More Homeowners Willing To Accept Offers From Buyers Who Still Need To Sell Their Homes

For the past few years, the real estate market in the US has been a strong seller’s market. Thanks to the historic inventory shortage and intense competition for property, sellers were often

Read More

Millennials Will Continue To Drive Home ownership Growth In 2019

The millennial generation (which is defined as people between the ages of 19 and 35) is the largest in US history, and currently they’re also the largest in driving homeownership growth

Read More