Full Citation

Title: Millennial Buyers Face A Tough Housing Market

Citation Type: Newspaper Article

Publication Year: 2018

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Abstract: Yvonne Jimenez Smith and her husband, Brandon Smith, spoke in whispers recently as they visited a white stucco house they planned to buy on a leafy street in San Jose, Calif. After six months of aggressive hunting, they were on their way to a small suburban home of their own after spending most of their 20s in noisy city centers. “It was so quiet, it just seemed weird to speak out loud,” Jimenez Smith said. “We lived over a freeway entrance in San Francisco. It was always loud and we were always surrounded by people. It’s a big change.” Like the couple from San Francisco, who are 28 and 30, other millennials are starting to follow in the footsteps of earlier generations and buy suburban houses after fueling a boom in city apartments. The share of 25- to 35-year-olds who own homes, which had been falling since 2005 as renting grew in popularity, rose slightly in 2017, according to a Stateline analysis of census microdata from IPUMS-Current Population Survey.

Url: https://pilotonline.com/business/jobs/article_1c99bd0e-6b01-5736-928b-4f6add75f5d7.html

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Authors: Henderson, Tim

Publication Name: The Virginian Pilot

Publisher Location: Norfolk, VA

Publication Date: June 28, 2018

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Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure

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