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180M people could be looking for homes in coming years. What it means for already-hot U.S. housing market.

Friday, September 3, 2021   /   by Juan Grimaldo

180M people could be looking for homes in coming years. What it means for already-hot U.S. housing market.

Recent reports and surveys show a desire among millennials, as well as renters in other generations, to be homeowners. But circumstances are making things a little difficult.

A recent survey conducted by eXp Realty LLC found 73% of survey respondents believe owning a home is more important now because of the Covid-19 pandemic. Specifically, 80% of millennials said owning a home is now more important to them now than before the pandemic.

The survey was part of eXp's Emerging Real Estate Trends 2021 National Study, which surveyed more than 2,000 people planning to buy or sell a home in the next year or who have bought a home in the past year.

Millennials have made up the majority of the homebuying population for some years now. But the number of those homebuyers in the housing market is only going to pick up in the coming years, experts predict.

To continue reading, click here.

By Ashley Fahey, Real Estate Editor - Phoenix Business Journals

Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 16, 2021
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