Millennials are interested in home buying, new survey says

r-MILLENNIALS-REAL-ESTATE-POLL-large570By Catherine Reagor | The Arizona

More than eight of 10 millennials want to own a home, despite lingering bad feelings from the housing crash and their desire to be mobile, according to a new study.

About 84 percent of people who became an adult around 2000 planned to purchase a house or already own one, according to new study from the Demand Institute, a consumer research company. And 74 percent planned to move in the next five years.

The Great Recession forced many millennials who couldn’t find a decent job to move in with their parents. For the past few years, the real estate industry has been trying to figure out when those millennials will move out of their parents’ houses, if they will buy or rent and where they want to live.


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September 2014