The biggest purchasing group since their parents/grandparents, the Baby Boomers, are bound to drive a lot of what is purchased in the next 20 to 30 years at minimum. The Millennials are just hitting their stride in the job market and should be taking the promotions to fill retiring Baby Boomers jobs in no time now.
Yet, as the article notes, the Millennials have some headwinds to overcome to purchase a home:
tougher lender guidelines, student loans and fairly high unemployment among their ranks. Yet,
these hurdles are not true for every Millennials(you know some of them own some of the hottest startups in the past 5 years--bet you can think of a few!)
Will Millennials Dominate Real Estate?