Report: Millennials prefer to rent, not buy

Millennials

A recent report by loan marketplace Lending Tree reports that millennials are buying their own property in significantly smaller numbers than in previous generations.  Some of the roadblocks to home ownership include lack of high enough income, dislike of their current location, desire to pursue other goals like travel first and substantial student loan debt. Previous data indicates that in general millennials don’t trust banks,  are fearful of investment risk and would rather invest in improving the world than in homes.

Real estate expert Pej Barlavi, CEO of Barlavi Realty LLC came on the Morning Wake Up Call to share his insight on that growing trend as well as some tips for those young people ready to take the plunge.

Check out the interview here!

[audio https://dl.dropboxusercontent.com/u/191633883/HMWC%20Interviews/Pej%20Barlavi%20Interview%2C%20millennial%20homebuying%20tips%2C%202.26.15.mp3]
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