The trends of millennials moving into homeownership at a modest pace due to affordability issues have implications on the real estate market. This trend sustains the demand for multifamily units. However, the slower pace of millennials transitioning into homeownership could potentially lead to a decrease in demand for single-family homes. This could also influence the investment strategies of real estate investors and developers, who may need to focus more on multifamily properties or properties in smaller metros and suburbs where affordability is more achievable for millennials.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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