Houston Millennials More Likely to Buy than National Average
According to an article in the Houston Business Journal, 75% of Millennials plan to purchase a home in the near future. This figure ranks 1% higher than the national average.
High student loan debt, a national recession, and a national movement toward city living are all said to contribute to the lowest homeownership rates among Millennials since the 80s.
It comes as no surprise that “Older, married Millennials with higher incomes and lower student loan debt are more likely to buy a home than younger, single Millennials with lower incomes and a lot of college debt.”
Houston is a great place for Millennials to purchase a home, and if the scenario arises for relocation, properties do not sit on the market long before finding tenants or new owners. If you are a Millennial who has bought a home and are curious what your options are if you were to relocate, feel free to email us at email@example.com and we would be happy to help answer any questions you may have.
To read the full article from the Houston Business Journal – Click Here