The generation's demand for housing isn't slowing down, experts say, helping to keep property prices high.
For a large number of millennials, the generation born between 1981 and 1996, the time to buy a home has never been quite right.Older millennials were not yet 30 when the financial crisis of 2007-2008 upended the housing market and the US economy, causing the worst downturn in the country since the Great Recession.
'In the near future, more millennials are going to look into buying a home, Coers said, 'bringing up demand as the market works through that generation.'Coers thinks that it's likely that the U.S. will build a lot of homes to catch up with the millennial generation 'and then there will be smaller generations coming forward and that will hopefully regulate the housing market, because lack of affordability has become a huge problem.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shifting Your Focus from Short-Term Efficiency to Long-Term ResilienceThere are downsides to pursuing efficiency at all costs.
Read more »
Shifting pollock spawning complicates fisheries management in Gulf of AlaskaThe timing of pollock spawning is becoming more unreliable as human-caused climate change warms the ocean. A new study shows what climate-driven mismatch in pollock surveys for sustainable fisheries management.
Read more »
Shape-shifting stickers offer early detection of surgical complicationsDiscover how a unique sticker can revolutionize ultrasound imaging, enabling medical professionals to detect surgical issues in real-time.
Read more »
Dodgers shifting Mookie Betts to shortstop, Gavin Lux to second baseIn a move that Manager Dave Roberts calls “permanent for now,” the position swap comes after repeated misfires on throws from shortstop recalled issues Lux had in previous seasons.
Read more »
Sustainable fashion gets a tech upgrade with MIT’s shape-shifting dressImagine a dress that doesn't just fit you perfectly – it morphs along with your style, body, and the shifting trends of the season.
Read more »
Letters to the Editor — Reflections on America’s shifting political sandLetters to the Editor
Read more »