For years, real estate professionals have looked to millennials to push the housing market forward as previous generations slow their homebuying and homeselling activities. However, several obstacles — overwhelming student loan debt, stagnant wage growth and skyrocketing home prices — have stifled millennials’ homeownership dreams and turned them into what Redfin CEO Glenn Kelman calls “the roommate generation.”
Source: Inman News
Glenn Kelman calls millennials ‘the roommate generation’
Published in affordability, glenn kelman, home price growth, homebuying, homeselling, Markets & Economy, millennials, mortgage rates, Redfin, rental growth, Select and the federal reserve
More from affordabilityMore posts in affordability »
- Why affordability hits different in a military market
- 8M reasons to focus: A data-driven Q4 reality check for real estate
- A 7-home estate and a former talk show host’s Montecito hideaway among September’s priciest sales
- How buyer affordability education makes you the go-to agent
- 48% of Americans blame investors for ‘unreasonable’ housing costs
More from glenn kelmanMore posts in glenn kelman »
- Redfin site fluke exposed past users’ data on listing contact forms
- Redfin hits back at Compass, notches victory in Zillow case
- Compass pulls Redfin into its Zillow private listing lawsuit
- Lingering questions, NAR opinion, new lawsuit: Inman Top 5
- Mr. Cooper shareholders approve merger with Rocket Companies
More from home price growthMore posts in home price growth »
- 5 data-backed tips for leading your clients through 2025
- Tensions run high as buyers and sellers battle for ‘the driver’s seat’
- These 10 real estate markets have lost $233B in value since 2024
- Why is Midwest real estate beating the rest of the country?
- Summer sales have hit their slowest pace in 10 years
More from homebuyingMore posts in homebuying »
More from homesellingMore posts in homeselling »
- NAR scores a victory in buyer commission lawsuit
- Brandi Marshall on ‘Selling the OC’ stardom, feuds and a brutal real estate market
- Sign, show and sell: The open house playbook that actually works
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Pending home sales remain stuck in the mud in September
More from Markets & EconomyMore posts in Markets & Economy »
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- Why independent brokerages matter more than ever amid real estate consolidation
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
More from millennialsMore posts in millennials »
- How to help senior real estate clients right-size with confidence
- How buyer affordability education makes you the go-to agent
- How to wow clients and win every time: Now Streaming
- Innovation, acquisition and the art of scaling smart: Now Streaming
- The American homeownership dream is primed for a comeback
More from mortgage ratesMore posts in mortgage rates »
- Homebuying off to strongest November start since 2022
- Veterans have been ‘priced out,’ left behind by the housing market
- Housing recession? K-shaped trends? The dollars and ‘sense’ of today’s economy
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Demand for mortgages cools as rates rebound from 2025 low
More from RedfinMore posts in Redfin »
- Redfin site fluke exposed past users’ data on listing contact forms
- Stop freaking out about 50-year mortgages. They might save the housing market
- Zillow defends private listing rule, criticizes Compass in new filing
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
More from rental growthMore posts in rental growth »
More from SelectMore posts in Select »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
- Where else is Zillow not enforcing its private listing ban?
More from the federal reserveMore posts in the federal reserve »
- ‘Real estate is the sacrificial lamb of high interest rates’: Jason Oppenheim rants on the Fed
- Why is the Fed cutting interest rates — and what happens next?
- Glenn Kelman: It’s ‘game on’ for the 2025 housing market
- Realtor.com’s Danielle Hale talks an ‘even bigger’ 2025 as rates drop
- 2 buyers scramble to make a deal as the spring market sprints ahead
Be First to Comment