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