The year 2016 was an eventful one for home building.
Mortgage Master: 75 Million Homebuying Millennials on the Horizon
A study found that 93 percent of 75.3 million Millennials want to own a home in the near future
According to HousingWire, new data from Mortgage Master reveals a wave—or a tsunami—of homebuying 18 to 29 year olds will appear in the near future.
How can the housing industry cater to them? “Millennials range from 18 to 29 years old and come with their own set of priorities, which makes sense,” HousingWire reports. “They were raised in a completely different environment than earlier generations.”
An infographic created by Mortgage Master, using data from various housing studies, shows that the age group will spend around $2 trillion on home purchases. The infographic also reveals several other features that make the age group unique.