Question

场外看地球-第28期-经济商业D1-向千禧一代的需求助推房地产热潮-《经济学人》2022.3.26

Answer 1

Millennial demand helps stoke the housing boom. Home ownership was a distant dream for many young people. After years of delaying marriage, parenthood, and battling student debt, Generation Rent is now a major driver of the real estate market. In the U.S., millennials represent the fastest-growing segment of buyers, accounting for over half of mortgage applications. This trend is reshaping property markets, with millennials trading apartments for larger family homes and moving to more affordable areas. Remote work has opened up more affordable living options, especially in southern U.S. regions. However, the question remains: will millennial home ownership sustain the market, or will affordability issues and rising interest rates dampen demand and increase servicing costs? The growth of millennials entering their buying years and flexible work trends could continue to attract buyers to cheaper areas. Yet, severe housing supply constraints and labor/material shortages may strain affordability, making home ownership out of reach for some young adults.