Virtual Town Hall: HUD Secretary and Realtor.com Chief Economist Discuss Millennials and the Housing Market at GW University
The latest research in urban areas indicates that Millenniels are the largest group of homebuyers at 32%. They compose 68% of first time homebuyers, and just under half of them will be looking for a first time home during the next two years.
A recent town hall was held called “Millennials and the Housing Market.” In the following video recap, U.S. Secretary of Housing and Urban Development Julián Castro and two economists discuss millennial housing trends and answer questions before an audience of graduate students from George Washington University and online viewers.
- Millennial mortgages and the popularity of FHA loans
- The impact of student debt on millennial buyers
- The most popular housing markets for millennials
Be sure to watch this informative discussion.