Gen Y lack funds, not interest in home buying
by Spencer Marona, Managing Director
Millennials continue to provide good news for the
multifamily market. Despite earning higher salaries, Zillow reports that
there is a lack of inventory of in the starter-home price range. Factoring the
amount of student loans and lower salaries, this is impacting the housing market. They need to live somewhere and if it isn’t with Mom & Dad, they are
most likely renting. Read more about this in a recently published GlobeSt. article.
multifamily market. Despite earning higher salaries, Zillow reports that
there is a lack of inventory of in the starter-home price range. Factoring the
amount of student loans and lower salaries, this is impacting the housing market. They need to live somewhere and if it isn’t with Mom & Dad, they are
most likely renting. Read more about this in a recently published GlobeSt. article.
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com