Fannie Mae Says Millennials are Finally Leaving Their Parents Basements
Homeownership has been delayed but not forgotten. According to the ACS (Census Bureau’s American Community Survey), while homeownership for persons aged 25-34 is still declining, the rate is slowing greatly and the trend looks poised for a complete reversal. With mortgage rates still at all time historic lows, many millenials are deciding to make the homeownership investment now and enjoy the future benefits of appreciation just like their parents did.
