(Wisconsin State Journal) If the people renting all those shiny new apartments in downtown Madison aren’t interested in buying real estate, what impact might that have on the broader housing market?It’s a difficult question to quantify given that no one is keeping stats on recent arrival home buyers per se.
But anecdotally, some in the real estate business do see less interest among young people today in buying a home or condo whether because of debt, a low-paying job or location choice.
At the same time, sales of lower-priced homes which are often considered the best gauge of first-time buying activity are still lagging a bit.
“What I’ve found different today is that people moving here don’t just grab a Realtor and buy something,” she says. “They want to feel like they have some liquidity and don’t know if they will be in the city that long.”
“I feel like millennials will still be buying homes, maybe just not right now,” she says.
