Millennials Prioritize Homeownership Over Marriage and Children

OWNING A HOME IS SECOND ONLY TO RETIRING FOR MILLENNIALS
Although millennials face numerous obstacles to homeownership, it is still one of the biggest priorities for that generation.


That’s according to Bank of America’s 2018 Fall Homebuyer Insights Report, which reports that 72 percent of millennials say that owning a home is a top priority, with the ability to retire the only other major life event cited as more important. By comparison, just half of millennials say that getting married is a major priority, and even less — 44 percent — think that having kids is of great importance.


About half of all millennials say that they feel like mature, responsible adults when pondering the prospect of homeownership, while more than one-third say it makes them feel independent and established. Nearly 40 percent plan to purchase a home within the next two years, while 36 percent will wait three to five years before entering the housing market. Read full article @elizabethGkilgore





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