Millennials still consider homeownership apriority

Real Estate

Millennials are prioritizing homeownership well above the goals of getting married and having children, according to a new study by Bank of America.

Bank of America’s 2018 Homebuyer Insights Report finds that “millennials are redefining life’s priorities by placing homeownership above nearly all other key milestones, including marriage.” Surprisingly, being able to retire ranked the highest in priority.

Eighty percent of the respondents to the study ranked retirement as the top priority; 72 percent said that homeownership is most important; 61 percent selected travel as a priority; and marriage and children trailed behind at 50 percent and 44 percent, respectively.

Click here for more information: https://www.washingtonpost.com/business/2018/12/10/despite-hurdle-mounting-student-loan-debt-millennials-still-consider-homeownership-high-priority-study-says/?noredirect=on&utm_term=.0da33be87c65