How the Demographics Are Shaping the Housing Market
According to A Wealth of Common Sense, following the Great Financial Crisis, many pundits assumed millennials would never settle down, own a home or buy a car. They would simply live in a big city and eschew the typical path to the suburbs.
This never made sense to me.
I saw so many of my peers move to a big city after college and then buy a home in the burbs once they got married or started a family. Millennials just put this off for longer than other generations because of the GFC and the fact that a lot of this group went to school longer.
Millennials (and Gen Z and Gen X) are basically right on track with the baby boomers when it comes to homeownership at the same stage in life.
