By Jann Swanson | Mortgage News Daily
Those of you who are expecting Millennials to shift gears and start becoming homeowners will have to keep holding your breath. A new Freddie Mac survey shows that renters, which most Millennials who have started households continue to be, are not putting a down payment at the top of their “things to save for list.”
Freddie Mac has conducted its renter survey four times since 2015, querying some 2,000 respondents about their preferences among the housing choices available to them, the constraints preventing them from obtaining housing that might better suit their needs, and what is driving their decisions. This latest survey was conducted by Harris Poll in October.
