Are all millennials scared to own a home?

Sarbjit Nahal, head of thematic investing at Bank of America Merrill Lynch (BoAML), believes millennials still “value homeownership”, telling CNBC via email that the number of new millennial U.S. households formed from January 2014 to December 2018 is expected to reach 8.3 million, spending a combined $1.4 trillion on home purchases. BoAML expect the number of homeowners in this age bracket (25-34 years) to recover to pre-2008 levels and top 16.5 million by the end of 2019, from the trough of 15


Sarbjit Nahal, head of thematic investing at Bank of America Merrill Lynch (BoAML), believes millennials still “value homeownership”, telling CNBC via email that the number of new millennial U.S. households formed from January 2014 to December 2018 is expected to reach 8.3 million, spending a combined $1.4 trillion on home purchases. BoAML expect the number of homeowners in this age bracket (25-34 years) to recover to pre-2008 levels and top 16.5 million by the end of 2019, from the trough of 15
Are all millennials scared to own a home? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2015-08-21  Authors: alexandra gibbs, getty images
Keywords: news, games, cnbc, companies, millennials, million, nahal, waymillennials, unemployment, trough, value, number, trillion, scared, wage, factors


Are all millennials scared to own a home?

Sarbjit Nahal, head of thematic investing at Bank of America Merrill Lynch (BoAML), believes millennials still “value homeownership”, telling CNBC via email that the number of new millennial U.S. households formed from January 2014 to December 2018 is expected to reach 8.3 million, spending a combined $1.4 trillion on home purchases.

BoAML expect the number of homeowners in this age bracket (25-34 years) to recover to pre-2008 levels and top 16.5 million by the end of 2019, from the trough of 15.5 million in 2012.

However, some factors are in the way.

“Millennials’ demand for homes has stagnated due to cyclical economic factors, like high unemployment rates, lack of wage growth and available credit,” said Nahal.


Company: cnbc, Activity: cnbc, Date: 2015-08-21  Authors: alexandra gibbs, getty images
Keywords: news, games, cnbc, companies, millennials, million, nahal, waymillennials, unemployment, trough, value, number, trillion, scared, wage, factors


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