Homeownership increasing at significantly higher rate
By Kelsey Ramírez | Housingwire
As Millennials get older, they are increasing homeownership rates faster than in previous years, according to research from Fannie Mae.
Fewer Millennials are buying homes than previous generations, true. However as they get older, they are making up for lost time; The rate of increase for Millennials is significantly higher than the rate of increase for previous generations.
This is due to the fact that, whereas other generations bought their homes at a younger age, Millennials did not.
