May 25, 2016
A PEW research study may have just found them
Well, it looks like the new data shows exactly where millennials are living these days. Still at home! We have talked about this before. Many outlets have been shouting out to the masses that "The Millennials Are Coming!" when it comes to becoming buyers in the real estate market. For you longer time listeners, you know I was not buying that and have explained in several past shows why I did not believe that was the case. Well, the latest numbers show that Millennials are living with parents and relatives at levels we have not seen since 1880. Yeah, 1880, that is not a typo. To be more clear, more are living at home than at any other time in the last 130 years. Which is a pretty big deal.
What is important for us to understand is what motivates the millennial. If we want to provide a service they want to consume - a home for rent or a home to buy - we need to understand what they are wanting. This research reveals some interesting elements to this discussion that I had not considered before. So today, we will run down the data and see what we can learn that might just help us out as buyers, sellers, investors and real estate entrepreneurs when it comes to the millennials.
As always, you can participate in this weeks poll or find links to the articles used for todays show in the show notes at http://www.therebelbroker.com