The Jeff Ward Show

Blog > The Jeff Ward Show > Millennials are buying homes later in life because of student loan debt and low-wage jobs

Millennials are buying homes later in life because of student loan debt and low-wage jobs

Don't blame the millennial generation for lackluster home sales.

They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia, the online real estate firm.

After adjusting for these population changes, younger Americans are actually buying homes at the same rate as they did during the late-1990s.

'For at least the past 20 years, there have been significant demographic headwinds for homeownership for young people,' said Jed Kolko, chief economist at Trulia.

 
 

 

The analysis suggests that the recession — for all its damage to the economy — did little to turn off millennials from the idea of owning a home compared to previous generations.

In fact, the report shows that the major group whose ownership rates suffered because of the downturn is middle-aged

Read more:

The Jeff Ward Show

A strict new dress code adopted by a Staten Island school has resulted in several detentions in the last two weeks...
A high school student has been suspended for dealing out of his locker. But this teenager was not handling drugs...
President Obama's top military general told a U.S. Senate panel on Tuesday that American troops might soon provide...
A new mystery surrounding the disappearance of MH370 emerged today after a police chief claimed he knew what had...