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

Tony Romo turned 35 this week, which for many was a reminder that he is running out of time to capture the elusive...
We often remember the great teams who do not win titles more than the ones who do. The NFL has a series devoted to...
The Chinese government has announced a swift crackdown on the swiftly growing trend of hiring strippers to perform...
When Floyd Mayweather turned professional in 1996, his ring nickname was 'Pretty Boy'. But as he grew more...
A Florida postal carrier steered his small gyrocopter through protected Washington airspace for 30 miles to the U...