millennial home buyers require consistent financial growth
TRANSCRIPT
Millennial Home Buyers Require Consistent Financial Growth
Millennials overwhelmingly desire to reach the American Dream of homeownership, but are more inclined to delay this until they feel the solid and consistent effect of the recovery from the Great
Recession of 2008.
Lending Tree released a survey from 2014 in which just 4.4% of millennial non-homeowners had no desire
to be a homeowner.
• Millennials want to experience more long term financial stability before they are ready to enter the home buying
market.
LendingTree asked millennial non-homeowners what they need to have changed in order for them to buy a
home.
The greatest amount of them, or 67.4%, said that they would need to have their incomes or salaries go up.
The economy recovers, job opportunities abound, and earnings go up, we should start to see more millennial participation in the
home buying market, especially as they begin to settle down with a spouse and children.
