Homeownership Among Millennials: The Deferred American Dream?

Yilan Xu; Carrie Johnson; Suzanne Bartholomae; Barbara O'Neill; Michael S. Gutter

doi:10.1111/fcsr.12136

Homeownership Among Millennials: The Deferred American Dream?

Yilan Xu, Carrie Johnson, Suzanne Bartholomae, Barbara O'Neill, Michael S. Gutter

Research output: Contribution to journal › Article › peer-review

Abstract

This article reviews external and internal factors influencing homeownership decisions for millennials, that is, those who were born between the 1980s and the early 2000s. The article was written by a multistate group of land-grant university researchers to inform future research. The review of literature suggests that credit accessibility is an important external factor for millennials' homeownership. Also important are life cycle factors such as financial resources and student loans liabilities, and family decisions such as marriage and parenthood. It is anticipated that this information will enable financial advisors, educators, and policymakers to understand the challenges of homeownership for millennials and to formulate strategies to help this age cohort with their personal financial planning.

Original language	English (US)
Pages (from-to)	201-212
Number of pages	12
Journal	Family and Consumer Sciences Research Journal
Volume	44
Issue number	2
DOIs	https://doi.org/10.1111/fcsr.12136
State	Published - Dec 1 2015

Keywords

Great Recession
Homeownership
Housing choice
Life cycle
Marriage
Millennials

ASJC Scopus subject areas

Cultural Studies
Sociology and Political Science

Online availability

10.1111/fcsr.12136

Library availability

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title = "Homeownership Among Millennials: The Deferred American Dream?",

abstract = "This article reviews external and internal factors influencing homeownership decisions for millennials, that is, those who were born between the 1980s and the early 2000s. The article was written by a multistate group of land-grant university researchers to inform future research. The review of literature suggests that credit accessibility is an important external factor for millennials' homeownership. Also important are life cycle factors such as financial resources and student loans liabilities, and family decisions such as marriage and parenthood. It is anticipated that this information will enable financial advisors, educators, and policymakers to understand the challenges of homeownership for millennials and to formulate strategies to help this age cohort with their personal financial planning.",

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Homeownership Among Millennials: The Deferred American Dream?

Abstract

Keywords

ASJC Scopus subject areas

Online availability

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