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72% of millennials, ages 18- 34 show interest in becoming a homeowner, according to a survey conducted by Trulia, a real-estate website. 93% of the population plan to live out the American dream by becoming a homeowner if not one already. Millennials have not been discouraged by the housing market’s past; many believe that the low mortgages and home prices will continue. Jed Kolko, Trulia’s chief economist said, “home buyers need inventory to choose from, and with fewer foreclosures on the market, new inventory will come from new construction or homeowners wanting to sell. Rising prices will bring out more sellers, especially if price increases lift them back above water.” The survey also found that 1 out of 4 participants now held positive feelings toward home ownership. More here
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