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

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on 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.

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