C.A.R. on Millennials

by | Jun 5, 2017 | Jim's Take on the Market, Market Buzz, The Future | 5 comments

In the future, will there be affluent millennials that will be ready, willing, and able to pay more than today’s prices?  Maybe there is comfort knowing that 1/3 of millennials aren’t living paycheck to paycheck today?

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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5 Comments

  1. Daddy_Warbucks
    Daddy_Warbucks on June 5, 2017 at 9:39 pm

    Really Jim? Nothing more than C.A.R propaganda to draw in the next round of marginal buyers. So 33% don’t live paycheck to paycheck and somehow that equals a maturing class of qualified buyers with the networth and FICO to take on record priced properties in the future? Don’t see it happening, but the machine demands to be fed.

  2. Jim the Realtor
    Jim the Realtor on June 5, 2017 at 9:46 pm

    Agreed, and that’s my point. At best, one-third of the millennials might be a future buyer? Yikes!

    And you have to wonder about C.A.R.

    Are they publishing this subtly to get the message across to realtors, or are they just spewing data brainlessly?

  3. Jim the Realtor
    Jim the Realtor on June 6, 2017 at 12:08 pm

    Maybe the one-third is all we need:

    http://www.cnbc.com/2017/06/05/whos-powering-the-housing-market-surprise-its-millennials.html

    Millennials are growing up, settling down and looking to buy a house — for the extra room and the investment opportunity.

    Millennials were the largest group of home buyers (34 percent) for the fourth consecutive year, according to NAR’s 2017 Home Buyer and Seller Generational Trends study. By comparison, baby boomers were 30 percent of buyers.

    “That myth that millennials don’t want to own things is not true,” said Jeremy Wacksman, chief marketing officer at the Zillow Group. “Millennials are not just starting to buy homes; they’re powering the housing market.”

  5. Ross Oliver
    Ross Oliver on June 7, 2017 at 12:15 pm

    Daytrip, most higher education institutions have a vested interest in neglecting critical thinking skills. It keeps student from asking, “Why am I paying $200K for a degree that won’t get me a job?”

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