During the Realtor University Richard J. Rosenthal center for Real Estate Studies forum, realtors discussed the effects of changing homebuyer demographics to the market.
HousingWire reports that adult millennials – those aged 18 to 33 – were a popular topic of discussion, as this year millennials saw 60 percent better job growth than the U.S. overall. This age group also experienced a drop in unemployment to 6 percent. But tightened inventory, difficulty getting credit, and lower-than-average salaries are still keeping most of them out of the market.
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