Every generation has faced defining economic events that alter their collective perspective. The Greatest Generation was shaped by the Great Depression, Baby Boomers were impacted by the oil crisis throughout the 70s and Millennials experienced their coming of age moment during the largest housing market downturn in American History. The housing market coupled with the ubiquitous availability of real estate and market information online, has created a new era of homebuyers in Millennials. While Millennials have gotten a bad rap — often defined by negative attributes, such as laziness, entitlement, and unreliability, recent data from Zillow certainly contradicts these Millennial qualities — specifically when it comes to home buying. Let’s explore some of the important characteristics of millennial home buyers.
- US to add 25M households by 2035
- Boston housing stock country’s No. 7 most valuable