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
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