Millennials See Housing Prices Getting Out of Hand Once Again

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Millennials See Housing Prices Getting Out of Hand Once Again

Oct, 19th 2016

Many Millennials say they want to buy a home, however they are concerned with their ability to save for a down-payment, according to the Housing Confidence Index from ValueInsured, a provider of down payment protection for homebuyers.

The survey was conducted online by Equation Research in September 2016 among, they claim, a nationally representative sample of 1,013 American adults ages 18 and older. Millennials are more likely than other generations to expect a price bubble and correction in the next two years with 60% of Millennials versus 47% of the total American population.

Prospective first-time homebuyers in particular are nervous about market instability – only 25% of these Millennial non-homeowners are confident that the 2008 housing crisis will not happen again in their lifetimes, according to the index.


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