Millennials’ Attitudes Toward Buying By Region

DAILY REAL ESTATE NEWS | TUESDAY, APRIL 19, 2016

Ninety-one percent of millennials living in the South believe that home ownership is part of the American dream, according to the latest HOME (Housing Opportunities and Market Experience) survey. The survey includes a breakdown of millennials’ desire to own by region.   

Read more: Millennials Want the 'Anti-Suburb Suburb'

Millennials make up the largest generation of buyers at 35 percent, and they tend to be upbeat about housing too. The survey showed that 85 percent of buyers aged 34 and under believe that buying a home is a good financial decision.

Take a look at this chart offering a regional breakdown of millennials’ attitudes toward buying.

Source: “Millennials and the Desire to Buy by Region,” National Association of REALTORS® Economists’ Outlook Blog (April 18, 2016)