Homeownership is a Top Priority for Millennials

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Posted To: MND NewsWire

While their behavior thus far doesn’t do much to validate it, a survey by Bank of America (BoA) finds that Millennials put a high priority on homeownership . In fact, among members of that generation responding to the company’s 2018 Homebuyer Insights Report, 72 percent put owning a home near the top of their list, surpassed only by “being able to retire.” Other important milestones named were traveling the world (61 percent) and getting married (50 percent), trailed by having children at 44 percent. These priorities define what is or will motivate their first home purchase with only 9 percent saying having kids and 21 percent getting married. Financial considerations are larger motivations, with having enough for a down payment ranking first at 57 percent and having a higher salary named by…(read more)

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