Perceptions of Home Ownership Are At Record Lows for Millennials

Perceptions of Home Ownership Are At Record Lows for Millennials

October 10, 2018

In a new survey, the perceived value in buying a home dropped below 50% among this group, down significantly from post-Brexit high. Other findings included:


-In the third quarter of 2018, 48% of all millennials believe buying a home in America today is a good investment; this is a record low, down from 54% in the second quarter. The previous high was 77% two years ago.


-58% of millennials now agree buying a home is the best financial decision they can make for themselves and their family, another survey low in ten quarters.


-Just over six in 10 millennials (61%) now believe buying a home is more beneficial than renting, again a survey low, down from a high of 83% two years ago.


-While 76% of all homeowners believe now is a good time to sell a home, only 39% of millennials who want to become homeowners believe now is a good time to buy a home.


The ValueInsured Housing Confidence Index for millennials registered a score of 56.9 on a hundred-point scale in Q3 2018. It is the lowest level recorded, down 1.7 points from Q2, and down 10.1 points from a year prior.


In addition to reporting a steady slide in their conviction for home buying, more millennials now associate owning with sacrifices:


-Nearly one in four (23%) believe they need to delay having children in order to afford buying a home.


-32% do not believe they can afford a healthy and balanced diet while saving for a home at today's high prices.


-31% seriously consider relocating to another city to afford buying.


For full story, visit BuilderOnline



Please reload

Recent Posts

May 7, 2020

Please reload


Please reload


I'm busy working on my blog posts. Watch this space!

Please reload



©2017 by Mike Carson Construction, Inc.. Proudly created with