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What The Real Estate Industry Should Know About Millennials

It’s 2016 and the real estate market should be prepared for the new wave of investors, the millennials aka Gen Y, who will become a major force in the consumption of real estate. Unlike baby boomers, homeownership for millennials is a desirable goal and an important measure of success, though affordability remains an issue. This is the prime reason why buying a house is the last thing on their minds while they are paying their student’s loan. For as long as they are unable to afford mortgage and get a better offer, propertywise, millennials prefer living freely and mobile so…