Millennials are assuredly affairs homes. A 2017 address from the real-estate website and app Zillow begin that millennials — i.e., bodies amid the ages of 18 and 34 — are the better accumulation of homebuyers in the US. However, it took them best to get to this point than added generations.
Spencer Rascoff, Zillow’s CEO, explained why millennials are dabbling their aboriginal home purchases:
“As a aftereffect of bound starter-home inventory, they’re renting longer. And back they buy their aboriginal home, they’re affairs a abundant nicer home than a above-mentioned generation,” he said during an account with Business Insider’s “This is Success” podcast.
“I mean, abounding bodies are basically absence amateur homes; they’re renting until their 30s, and that aboriginal abode they buy is a actor dollars, and they aloof are not alike affairs the $200,000, $300,000, $400,000 home, which is a absolute apperception about-face as compared with antecedent generations. So they’re still affairs homes — they’re aloof affairs them after and affairs them bigger.”
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