HOUSING CRASH HAS NOT DAMPENED YOUNGER GENERATION DESIRE TO BUY
An article published in the Wall Street Journal in October 2011 predicted that our next generation would be less enthusiastic about home ownership due to the housing bust of 2007. A recent study by a Washington University researcher disputes that prediction.
An analysis of U.S. Census population figures and also data from the America Community Survey indicates that young households actually have higher homeownership rates than baby boomers and Gen Xers, when they were at a comparable stage in their lives.
So, if you are concerned that home ownership is fading as “the American Dream” due to the housing crash, which certainly was an anomaly in the history of home ownership within the United States (an aberration unlikely ever to be repeated), you need not be. The data suggests that the motivation to buy that first home is as strong, or stronger, than it ever has been. Click here for more information on this.