Preferences of home ownership versus renting among millennials

SAN DIEGO (KUSI) – Home Ownership and renting is changing among younger home buyers, especially when it comes to milliennials.

According to some recent data, a large number of millennials are experiencing buyers remorse.

The President & CEO of Wilsey Asset Management, Brent Wilsey, joined us in studio to discuss why this is.

Millennials (23-38) and home buying:

63% of Millennials regret buying a home
12% too small, 8% location
Poor investment, payments too high
Maintenance & repairs
Uber generation

Millennials buy differently
57% used socially media
30% visit the neighborhood to look at homes

 

Categories: Good Morning San Diego, Local San Diego News