Millennials are migrating to certain cities that appeal to their inner spirit, like Nashville and Denver. And, when they get there, housing is secondary. They see a mortgage as an inconvenience that straps them into place and would prevent them from having a job that involves travel.
Homeownership is obviously second to employment for any generation. However, the panel of Millennials at the Housing America’s Families Forum currently underway in Dallas at the George W. Bush Presidential Library indicated that jobs aren’t the problem.
“Millennials don’t view homeownership as something 'in the now',” said Brena Swanson, digital reporter for HousingWire. Panelist agreed that mortgages may offer too large a committment for those mobile professionals in their 20s.