Young adults, or as they are often referred, millennials are eager to enter into the financial world. Housing sale prices have risen since this past year and millennials are interested in buying reduced or distressed properties. According to Housing Wire, since December 2012, prices have risen 0.7%. Inventory is down. Why the sudden increase? According to the KCM Blog, 43% of young adults between 18 and 34 years old now own a home. Could millennials be the reason why homes are disappearing? Maybe so. Furthermore, over 90% of young adults claim that home-ownership is their goal or a part of their “American Dream.” If young adults haven’t bought a home, they are sure planning on it.
The Young Adult Market