We’ve talked a lot about millennials on the Memphis Invest blog. That generation, roughly spanning college graduates to thirty-somethings, are the up-and-coming generation that gets a lot of flack in the world of real estate. Post-recession, they took a lot of blame for lack of recovery: namely because they weren’t buying homes.
We’ve talked about how a combination of student debt and wage stagnation has kept them from saving for down payments and how shifting lifestyles has kept them renting. No matter how we as real estate professionals feel about millennials, it doesn’t change the fact that this generation is important—particularly when it comes to real estate.