Posted To: MND NewsWire
The Millennial Generation, adults born between 1981 and 1996, were late bloomers when it came to buying a home. They came of age just in time to be clobbered by the Great Recession, have been burdened by high levels of student debt, were slow to form households, and once they did, watched home prices skyrocket. Still, as economist Archana Pradhan points out in the October edition of CoreLogic’s Intelligence Newsletter , the generation has now embraced homeownership enthusiastically. Pradhan says Millennials have accounted for the largest share of home purchase mortgage applications since 2016 and accounted for 51 percent so far in 2021, up from 46 percent in 2019. Younger Millennials are still in their first-home buying years while older members of the generation are of an age to be moving…(read more)
