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‘Lost generation’ of homeowners may just be on hold – Florida Realtor News * 마이애미 jennyforhome *

* 마이애미 jennyforhome *

NEW YORK – July 17, 2012 – While some analysts predict that the housing market collapse could create an entire generation of permanent renters, others believe eventual recovery in the job market will prompt some renters to buy homes – especially since many still believe real estate can be a profitable investment.

The number of first-time buyers has skidded 20 percent during the last three years, according to John Burns Real Estate Consulting, and homeownership will continue to decline among the 25-to-34 age segment for the coming three years.

 “(But) this is purely an economic phenomenon, not a behavioral one,” says Rutgers Business School professor Ben Sopranzetti.

Stagnant income growth, huge amounts of student loan debt and an 8.2 percent unemployment rate for 25- to 34-year-olds have made Millennials less willing to sink their money into homeownership. However, analysts believe Millennials will want to settle down as they age, and that credit requirements will be eased at some point – although it could take years before they feel comfortable purchasing homes.

“Once they’ve paid down their debt, I suspect people will be more financially capable,” says San Francisco real estate investor Jake Kraft.

For now, developers are breaking ground on multifamily developments, particularly in areas like Denver and San Jose where job opportunities abound; and short-term leases are gaining popularity among young professionals who want to be able to move quickly to take advantage of opportunities.

Source: BusinessWeek (07/16/12) Walsh, Meghan

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* 마이애미 jennyforhome *

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail :


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Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail :


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