Millennial Marriages May Drive Up Demand
Posted by West + Main Homes on
A new survey shows that when renters buy a home, it will likely be a lifestyle change that motivates them – either getting married, starting a family or retiring. And according to one economist, as Millennial marriages and pregnancies rise in 2018, it should equal a rise in housing demand as well.
According to the Housing Opportunities and Market Experience survey from the National Association of Realtors, 32 percent of non-homeowners said a lifestyle change would be their motivation for buying a home down the line.
More marriage, more housing.
Thanks to Millennials – and this very sentiment, NAR's Chief Economist Lawrence Yun said housing demand may spike in 2018.
“Housing demand in 2018 will be fueled by more Millennials finally deciding…
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