Millennials to boost housing market

Between 2015 and 2025, millennials will create demand for 24 million new homes in the U.S., reports the Washington Post.

Following the financial crisis, many millennials moved back in with family. As the generation gains financial independence and the job market improves, they’ll begin to move out.

Read: Buying a home falling out of favour

Millennials who want to move out of their parents’ homes may face some obstacles, says the Washington Post.

Rent has increased over the past few years, as did the likelihood they graduated with student debt.

Read the story here.

Also read:

Canada’s homes get more expensive

Help homebuyers do the math

How millennials will affect your stocks

5 ways to understand millennial clients

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.