Waldvogel & Swanson — What Millennials Want in Homeownership

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there are metro areas right now with solid job growth and that offer a smoother path to homeownership,” said Lawrence Yun, NAR chief economist. “An overwhelming majority of young renters recently said.

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The rate for Millennial generation blacks is 13 percent today compared to 37 percent for white Millennials. Alana McCargo, writing in the Urban Institute’s (UI’s) Urban Wire Blog, says black homeownership rates are now at levels not seen since the 1960s when private raced-based discrimination was legal.

"Millennials don’t view homeownership as an in the now," said Brena . . . The problem is the cities that Millennials want to move to – the Nashvilles and the Denvers of the nation – are.

Indy Chamber News Archives. Free Download EXPLODES Myths of Homeownership:"I really need 20% down, don’t I?" "I don’t think my credit is good enough to get a mortgage." "But I still have student loans I’m trying to pay off." "I can’t afford the type of house I really want, so I think I’ll just wait."

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Millennials are picking up the pace of moving into homeownership, but the National Association of Realtors (NAR) says not all are finding a way.

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