Gen Y lack funds, not interest in home buying

by Spencer Marona, Managing Director

Millennials continue to provide good news for the multifamily market. Despite earning higher salaries, Zillow reports that there is a lack of inventory of in the starter-home price range. Factoring the amount of student loans and lower salaries, this is impacting the housing market. They need to live somewhere and if it isn't with Mom & Dad, they are most likely renting. Read more about this in a recently published GlobeSt. article.