All Blog Entries by Rhonda German

Found 1 blog entry published by Rhonda German.

Since hitting a low point of 63 percent in 2016, the homeownership rate has rebounded, largely driven by millennial households purchasing their first homes. Many surveys, like one by Bank of the West, indicate that millennials are no different from previous generations—they view homeownership as a main tenet of the American Dream.

 

Yet, millennial homeownership rates continue to lag those of their predecessors. In 2015, the millennial homeownership share was lower than that of the two previous generations when they were the same age, according to the Urban Institute. One reason for the gap is that millennials have largely delayed important life choices, such as getting married and having kids, in favor of pursuing higher education. Common

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