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Should Millennials Be Camping-Out at Open Houses?
Monday, March 14, 2016
A lot has been written over the past few weeks about the Millennial generation and what it is and is not doing in the housing market. CoreLogic recently completed a two-part series of articles on the role of these younger buyers (generally under age 35) and their role as first time buyers and the National Association of Realtors just published results of its 2016 Home Buyer and Seller Generational Trends survey. Finally, Freddie Mac is speculating that misinformation was yet another factor keeping first-time homebuyers, the majority of which should at this point be Millennials, away from the housing market.
Freddie Mac vice president Danny Gardner says that given current housing market conditions "Millennials and other new households should be camping out at open houses."
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