Tag Archives: Millennials Will Become Home Owners Later

While some analysts predict that the housing market collapse could create an entire generation of permanent renters, others believe eventual recovery in the job market will prompt some renters to buy homes. The number of first-time buyers has slid 20 percent during the last three years, according to John Burns Real Estate Consulting, and home ownership will continue to decline among the 25-to-34 age segment for the coming three years.  Yet Rutgers Business School professor Ben Sopranzetti says, “This is purely an economic phenomenon, not a behavioral one.” Stagnant income […]