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Are Millennials Shunning Homeownership?

Jan 20 2016

On CNBC’s Closing Bell, investor Kevin O’Leary (of “Shark Tank” fame) said Millennials aren’t interested in buying homes.

O’Leary’s statement contradicts research conducted by Fannie Mae’s Economic & Strategic Research Group.

Fannie Mae’s National Housing Survey August Topic Analysis found a majority of Millennials saying owning a home makes more sense than renting. In fact, 91 percent of 18- to 34-year-old renters say they plan to own a home “at some point.”

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