By: Economic & Finance Report
According to Yahoo Finance, Morgan Stanley real estate analysts have predicted that millenials and generation Z will account for a seven percent increase, in home ownership within the next ten years.
Lookout Gen Y’ers and Baby Boomers, Millennials and Gen Z will be outpacing you guys when it comes to real estate rentals, over the next decade.
Morgan Stanley analysts have indicated that millennials and gen Z will increase the rental market by an extra two million units within the same ten years.
Although millennials and generation z are still approx. eight percent lower in homeownership, then baby boomers and generation y; when both groups were at the same age, times are changing. -SB.
Source: Yahoo Finance, Urban Institute (2018 Housing & Finance Study)