While they are the generation of adults who own the fewest homes, those Millennials who do own are tapping into their equity faster than homeowners of other generations. Why? To consolidate their debt, or renovate their homes.
Wow, people across a number of demographics agree that community involvement is valuable! We’ve long known the personal benefits of contribution, but we’re glad to hear that so many others value our efforts as well.
A couple weeks ago we shared some information about Gen Xer’s, including that a number of them live in multigenerational homes. This graph compares the living arrangements of adults now to 50 years ago.