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Continued: Millennials could hold the key to housing recovery

  • Article by: JIM BUCHTA , Star Tribune
  • Last update: August 3, 2014 - 8:07 AM

In fact, more than 90 percent of millennial renters say they’ll eventually buy, despite coming of age during the worst housing crisis since the Great Depression.

“Millennials have been shaken, not scarred, by the housing bust. Nearly all of them want to own a home someday,” Kolko said.

Walsh, the 31-year-old first-time buyer, isn’t so convinced that others in his generation will experience such an epiphany and suddenly want to settle down and start building equity.

“We’re just living in the here and now and just spending on anything we want. Everybody just wants what they want, and they want it now,” he said.

 

Jim Buchta • 612-673-7376

 

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