Search
 

The Real Reason Millennials Aren’t Buying Homes

NEWPORT BEACH, CA—Millennials are holding off on buying homes, in part, because many of them want more than just a starter home, Landmark Capital Advisors’ Adam Deermount tells GlobeSt.com in this EXCLUSIVE reaction to a recent CNBC article.

Adam Deermount Deermount: “There is a good chance that Millenials have witnessed others close to them get stuck in a negative-equity situation early in life and have no desire to get ‘stuck’ in a starter home if the market turns on them.”

NEWPORT BEACH, CA—In reaction to a recent CNBC article “Millennial homebuyers: Go Big, or Go Home,” Landmark Capital Advisors’ managing director Adam Deermount tells GlobeSt.com that Millennials are holding off on buying homes, in part, because many of them want more than just a starter home. We spoke exclusively with Deermount about how the American dream has shifted for Millennials and why their actions in the homebuying market are often misinterpreted.

GlobeSt.com: What evidence do you have to support your theory that Millennials want more than just a starter home for their first foray into homebuying?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.