Millennials are now the largest generation in U.S. history, and not all of them are occupying their parent's basement. Redfin staffer Nela Richardson takes a look at five ways millennial home owners think differently about ownership than Generation X or the Baby Boomers who came before them.
One way that millennials homeowners are unique is that they are more bullish about the price of homes and whether they will increase or decrease:
Home prices in some markets have increased by 30 percent or more in the past few years and three out of four homeowners in our survey believe home values will continue to go up. Millennials were even more bullish. Eighty-six percent of homeowners under age 35 believe that prices will rise in the next 12 months.