The long-standing myth that Millennials (aged 18-34) would rather rent than own a home has been all but squashed according to this recent article from Builder Online. To get a better understanding of how Americans feel about homeownership, they surveyed over 2,000 adults at the close of 2012 and uncovered some interesting facts.
Among the revelations about Millennial renters:
- 93% plan to buy a home someday
- 72% say homeownership is part of their personal American Dream
To put that into perspective, less than half of renters aged 55+ say they plan to buy. Why the gap? Builder Online reports that Millennials escaped any permanent scarring by the recession and have maintained a healthy dose of optimism.
For all the homebuyers out there, this Millennial optimism could mean an easier time selling your existing home—and the opportunity to move into your dream home.
Ready to find your dream home? We’ve got you covered. Find all the area’s best new home builders at NewHomesGuide.com.