Seen Through a Different Lens, Millennials May Be Closing Homeownership Gap

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Posted To: MND NewsWire

There has been a lot of focus in recent years on two topics; the gradual but steady decline in the homeownership rate and the huge Millennial generation, those born between the early 1980s and the earliest years of the 21 st Century. There is a nexus of the two of course as there is no group in which the decline in homeownership been greater than among Millennials, now at the prime age for buying their first homes. The homeownership rate of households headed by 25 to 34-year-olds was 36.9 percent in 2014, almost 10 points below where it was in 2006, at the peak of the housing bubble. In the current edition of its Housing Insights, Fannie Mae looks at the homeownership patterns of the Millennial generation, but does so through a different lens than usual. This is important, the company’s Director…(read more)

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