What's Finally Pushing Millennials to Buy Homes?

With crippling student loan debt, job struggles, and lingering financial woes from the Great Recession, Millennials have put off homeownership for some time now and for a good reason. 

Studies have shown that this generation is frugal and calculated after years of watching their parents struggle during the Great Recession. Home foreclosures, soaring gas prices, an unstable job market, laughable wages, and all around uncertainty in almost all areas of their financial lives have created a mindset in which minimalism and frugality reign free. 

However, older Millennials are beginning to show interest in the housing market. Now that they are securing jobs, marrying and having kids, the older segment of this generation is tired of cramming their belongings into a tiny studio apartment, and this is helping the housing market. 

A major factor influencing the decision to purchase a home is derived from lower prices on already-built houses. If these prices begin to surge, we are likely to see Millennial homeownership slowdown. 

Read the entire Miami Herald article now to learn more about this segment of the housing market: https://ow.ly/GhMv30aXfHq

Are you a Millennial considering first-time homeownership? Tell us what's motivating you to buy below.