Interview with Sherry Chris part 1
I'm honored to have Sherry Chris on our show. Sherry is president and CEO of Better Homes and Gardens Real Estate LLC.
The Millennial Renting vs Buying real estate debate
Millennial homeowners are saddled with obstacles no previous generation has had to face, like an average student loan debt per borrower that’s both monstrous and unprecedented. They’re also less romantic about the whole process than their predecessors — buying before marriage, owning for shorter periods of time, and flipping with gusto and success.
Sherry, your company has done some research on Millennial homeownership trends.
1) What do you see the trend is going in the real estate market?
Last year, Millennials were blamed for a huge drop in home ownership. A combination of low income, high student debt, and a precarious job market meant that the homeownership rate dropped to 64.7 per cent according to the U.S. Census Bureau -- the lowest level in nineteen years.
2)Do you think they just aren't v interested in buying a house? Why? Do you see them prefer renting?
3) do you see they might drive down the housing prices and mortgage rates for everybody?
