Why are Most Millennials becoming Homeowners?
When millennials buy houses, it’s for an unexpected reason.
According to a new study by Harris Poll, commissioned by SunTrust Mortgage, one of the top reasons millennials—here defined as those between the ages of 18 and 36—choose to settle down is due to their dogs. That’s right: Thirty three percent of participants cited the need for more space for their furry friends as the leading factor behind purchasing a house. That number may fall behind their own need for more space (66 percent), and the desire to build equity (36 percent), but it’s surprisingly ahead of both marriage (25 percent), and the birth of a child (19 percent).
You know, priorities.
To arrive at this conclusion, SunTrust polled