Will Millenials start buying homes?

[Richard C.]

An interesting article:

http://www.housingviews.com/2015/04/30/will-millen...

The basic answer?  Maybe.

Is that unhelpful? LOL

What the linked article demonstrates is that Millenials WANT to buy homes.  Some of the, "Young people today don't want all that space, want the flexibility to rent, want to live in the city center and walk everywhere" stuff that you see is STILL not really true.  Most of the surveys that say otherwise are quicky reader surveys of a few hundred magazine or website subscribes.  The broader, more scientific studies have always shown that the actual preferences of Millenials as a group mirror those of previous generations.

Most common reasons for renting rather than owning?  Lack of a down payment (45%) and inability to qualify for a mortgage (29%).  

That's the good news.  Millenials would like to buy homes, and will when they can.

The bad news:  That may be a while.

The impact of the recession on their savings rates and credit, plus the massive student loan crisis, may mean that this generation will never fully catch up.