While first-time home buyers’ presence in the housing market has been subdued in recent years, some metro areas are poised to soon see an increase in home buying from the millennial generation. "Limited job prospects, student debt, and flat wage growth have combined with tight credit conditions and low inventory to price millennials out of some of the top cities such as New York and San Francisco." "However, NAR research finds that there are other metro areas millennials are moving to where job growth is strong and home ownership is more attainable.
No comments:
Post a Comment